Canadian automotive software company LeddarTech intends to go public via a SPAC merger with blank check firm Prospector Capital Corp. The transaction will give the firm a pro forma equity valuation of $348M. Per Crunchbase, LeddarTech has raised $347.5M in equity and debt funding from investors to date. LeddarTech is set to receive $66M in gross proceeds, consisting of $23M from the blank check entity and the remaining $43M from a private investment in public equity (PIPE) transaction.
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