---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-099248"
form_type: "8-K"
ticker: null
cik: "0001825473"
company_name: "Prospector Capital Corp."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:28:08.701756+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LeddarTech completes SPAC merger with Prospector Capital, begins trading as LDTC

## Summary
- Business combination closed Dec 21, 2023; LeddarTech shareholders receive ~69.5% of surviving company.
- PIPE financing raised ~$44M plus ~$14.6M from SPAC trust, total ~$58.6M gross proceeds.
- SPAC redemptions: 855,440 shares redeemed for ~$9.3M at ~$10.91/share.
- CEO change: Charles Boulanger retires, Frantz Saintellemy appointed CEO; Derek Aberle becomes Chairman.
- LeddarTech common shares and warrants to trade on Nasdaq under tickers LDTC and LDTCW starting Dec 22.

## SEC filing metadata
- accession: 0001213900-23-099248
- form_type: 8-K
- cik: 0001825473
- company_name: Prospector Capital Corp.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/ea190806-8k_prospect.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-099248
- JSON: https://secwatch.observer/filing/0001213900-23-099248.json
- Plain text: https://secwatch.observer/filing/0001213900-23-099248.txt

## Key facts
- M&A Transactions
  Prospector Capital Corp. underwent a change of control involving LeddarTech Inc. for $200 million aggregate equity value (closed 2023-12-21).
  - Action: change of control
  - Counterparty: LeddarTech Inc.
  - Consideration: $200 million aggregate equity value
  - Closing: 2023-12-21
  source text: s of September 25, 2023 (the “BCA”), with LeddarTech Inc., a corporation existing under the laws of Canada (“LeddarTech”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
- Material Agreements
  Prospector Capital Corp. terminated Administrative Support Agreement with Prospector Sponsor LLC.
  - Action: termination
  - Counterparty: Prospector Sponsor LLC
  source text: that certain Administrative Support Agreement, dated as of January 7, 2021, between Prospector and Prospector Sponsor LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
- Material Agreements
  Prospector Capital Corp. amended Warrant Agreement Amendment with Continental Stock Transfer & Trust Company.
  - Action: amendment
  - Counterparty: Continental Stock Transfer & Trust Company
  source text: Prospector, the Surviving Company and Continental Stock Transfer & Trust Company (“Continental”) entered into that certain Warrant Assignment, Assumption and Amendment Agreement (the “Warrant Agreement Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
- Material Agreements
  Prospector Capital Corp. terminated Investment Management Trust Agreement with Continental Stock Transfer & Trust Company.
  - Action: termination
  - Counterparty: Continental Stock Transfer & Trust Company
  source text: ompany and Continental Stock Transfer & Trust Company (“Continental”) entered into that certain Warrant Assignment, Assumption
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
- Material Agreements
  Prospector Capital Corp. terminated Letter Agreement with Prospector Sponsor LLC and each officer and director of Prospector.
  - Action: termination
  - Counterparty: Prospector Sponsor LLC and each officer and director of Prospector
  source text: the Letter Agreement, dated as of January 7, 2021, made in favor of Prospector by each officer and director of Prospector and the Sponsor
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.