LeddarTech Holdings Inc., an AI-driven software company specializing in advanced driver assistance systems and autonomous driving, has announced significant developments in its financial restructuring efforts. The company is actively engaged in discussions with its lenders, including Fédération des caisses Desjardins du Québec and its Bridge Lenders, but has yet to secure additional financing or relief from existing financial covenants. To conserve cash, LeddarTech has implemented temporary layoffs affecting approximately 95% of its workforce, or about 138 employees, across all departments and locations. This measure aims to provide the company more time to explore various strategic alternatives, including restructuring, asset sales, strategic investments, or seeking creditor protection. However, there is no guarantee of success or a clear timeline for these potential outcomes.