Toronto, Ontario — Days after announcing recently furloughed employees would return, Quebec’s LeddarTech has reversed course.
The company, which makes advanced simulations used to test ADAS and autonomous driving tools, is suspended plans to resume operations. The move follows the sudden collapse of talks with a major commercial partner and casts serious doubt on the company’s future.
In a June 11 press release, the AI-powered perception software firm confirmed that its board is now considering a full range of last-ditch options. These include an asset sale, corporate dissolution, restructuring or filing for bankruptcy or insolvency protection. The company has cautioned investors that there is significant risk shareholders will…
