secwatch.observer — SEC 8-K summary
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Issuer:     Prospector Capital Corp. (—)
CIK:        0001825473
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001213900-23-099248
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/0001213900-23-099248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825473/000121390023099248/ea190806-8k_prospect.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-099248

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer