Prospector Capital Corp.
PRSR · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Prospector Sponsor LLC, listed on Nasdaq in January 2021.
- What it's doing now
- It agreed to buy LeddarTech Inc., an automotive ADAS and autonomous driving perception software company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- LeddarTech Inc.
- Industry
- Information Technology — automotive ADAS and autonomous driving perception software
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 11 January 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1250 PROSPECT STREET, LA JOLLA, CA, 92037
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- ABERLE DEREK K (CEO, Director) · Stone Nick (CFO, Director) · ALTMAN STEVEN R (Director)
- Listed securities
- PRSR common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
At the 5 January 2023 event.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
2 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 11 January 2021IPOpassed
IPO size not on file
redemption rate not stated in the filing
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedInformation TechnologySEC primary
What LeddarTech Inc. does — read from leddartech.com on 26 August 2026
LeddarTech is an automotive ADAS and AD software company that offers comprehensive end-to-end raw data fusion and perception solutions enabling OEMs and Tier-1-2 suppliers to solve critical sensing, fusion and perception challenges. LeddarTech’s automotive-grade software technology, LeddarVision™, is a scalable, cost-effective, sensor-agnostic solution that delivers highly accurate 3D environmental models.
AutomotiveADASAutonomous Driving (AD)
Who has already taken their money back
1 filed eventEach time shareholders were offered their cash back, some took it. Heavy cash-outs drain the account and shrink the number of shares left — whatever remains has to carry the deal.
Worst single event
—
no filing states a pre-event share count
Shares redeemed, all events
30.31M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Jan 5, 2023Extensionno rate stated
The score
deterministic, from filed fieldsPRSR is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Prospector Capital Corp. is a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker PRSR. The company priced its initial public offering on January 11, 2021, according to a 424B prospectus filed with the SEC. Its SEC CIK is 0001825473 and its SIC industry code is 6770. The ticker PRSR appears on the cover page of an 8-K filed on December 28, 2023. The vehicle is closed, having completed a business combination and ceased filing; a Form 25 filed on January 9, 2024, under 17 CFR 240.12d2-2(a)(3) records that the shares came to evidence other securities in substitution therefor.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
LeddarTech's shareholders receive AmalCo shares with an aggregate equity value of US$200 million at a negotiated US$10.00 per share, plus the aggregate exercise price of the company's in-the-money options and additional earnout shares. The filing says outright that this negotiated $10 per share value may not be taken as an indication of the potential market price of the Surviving Company shares after closing. A separate proposal increases Prospector's authorized share capital to create Prospector Sponsor Non-Voting Special Shares.
The $7.6 million cash balance at year end is the unusual feature and it is not an error: the sponsor's Pricing Private Placement of warrants, $6,500,000 of which later went into the trust, settled before the balance-sheet date, so a pre-IPO stub shows a seven-figure cash position with a $5,000 loss. Founder shares of 8,125,000 after 500,000 were forfeited are exactly a quarter of the float, and the $11,375,000 deferred discount is $0.35 a unit. The trust figure is stated as of 12 January 2021, not the balance-sheet date, and was recorded only in that form.
Two warrant call regimes are stated, at $18.00 and at $10.00 per Class A ordinary share, adjusting to 180% of the higher of the Market Value and the Newly Issued Price and to that higher figure respectively. Warrants become exercisable on the later of 30 days after the initial business combination and 12 months from closing. If no business combination is completed within 24 months from closing, all public shares are redeemed at the trust amount less taxes payable and up to $100,000 of interest for dissolution expenses. Deferred underwriting is $0.35 per unit ($10,500,000; $12,075,000).
Two warrant call regimes are stated, at $18.00 and at $10.00 per Class A ordinary share, adjusting to 180% of the higher of the Market Value and the Newly Issued Price and to that higher figure respectively. If no business combination is completed within 24 months from closing, 100% of the public shares are redeemed at the trust amount less taxes payable and up to $100,000 of interest for dissolution expenses.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: Prospector Capital Corp. issued definitive merger materials for an extraordinary general meeting on December 13, 2023, on the business combination agreement dated June 12, 2023 as amended September 25, 2023 with LeddarTech Inc. and LeddarTech Holdings Inc. Prospector continues into Canada, amalgamates with Newco to form AmalCo, AmalCo acquires all LeddarTech common shares under a plan of arrangement, and the Company and AmalCo then amalgamate. The prospectus covers 24,406,752 common shares, 10,833,333 warrants and their underlying shares, and 4,400,106 shares underlying convertible notes. Why it matters: LeddarTech's shareholders receive AmalCo shares with an aggregate equity value of US$200 million at a negotiated US$10.00 per share, plus the aggregate exercise price of the company's in-the-money options and additional earnout shares. The filing says outright that this negotiated $10 per share value may not be taken as an indication of the potential market price of the Surviving Company shares after closing. A separate proposal increases Prospector's authorized share capital to create Prospector Sponsor Non-Voting Special Shares.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Prospector Sponsor LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1283 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-21-001494
Trading & liquidity
Company profile
Directors & officers
- ABERLE DEREK KCEO, Director
- Stone NickCFO, Director
- ALTMAN STEVEN RDirector
- Lumbra RonDirector
- LEVY JONATHAN ADirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
3 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Prospector Sponsor LLCwith 4 other reporting persons on the same schedule20.0% · SC 13GFeb 14, 2022 stale
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule3.3% · SC 13G/AFeb 14, 2023 stale
- GLAZER CAPITAL, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 13, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- LeddarTech Becomes a Publicly Traded Company After ...
Nasdaqundated by the source
- Prospector Capital Corp. Shareholders Approve Previously ...
PR Newswireundated by the source
- LeddarTech Leads the Charge in Solid-State LiDAR for Autonomous ...
PR Newswireundated by the source
- LeddarTech Concludes Licensing Arrangement With Renesas
PR Newswireundated by the source
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
36 full SEC filing texts archived — searchable, never lost.
- Vault note — PRSR (Prospector Capital Corp.)
vault-note · /vault/tickers/PRSR
- Vault deal note — LeddarTech Inc. (PRSR)
vault-note · /vault/deals/leddartech-inc
- LeddarTech Concludes Licensing Arrangement With Renesas
news · prnewswire.com
- LeddarTech - Sensing and Perception Solutions for ADAS/AD
company-site · leddartech.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail6 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-21-001494 priced 2021-01-11; common ticker PRSR off 8-K 0001213900-23-099248 (2023-12-28); lifecycle EXITED. Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-24-000009 (2024-01-09) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Prospector Capital Corp. Unit). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001213900-21-001494). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "Prospector Sponsor LLC" (SEC CIK 0001831856) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-000999.
[CLOSED-2.01] SEC accession 0001213900-23-099248 (Form 8-K, item 2.01 Completion of Acquisition or Disposition of Assets); the cover's date of earliest event reported is 2023-12-21. That is the SEC's own date for this report and NOT necessarily the closing day — an 8-K may cover several events, and where the two differ the closing date is in the quoted sentence below. Target read STRUCTURALLY from the merger agreement's party list — the party that is neither the registrant (identified by the filing's own cover page) nor a merger sub (identified by the clause making it a subsidiary of another party) nor an accommodation party (identified by a "solely for purposes of" joinder), and it was the only one left. The sentence it was read from: "As previously disclosed, on June 12, 2023, Prospector Capital Corp., a Cayman Islands exempted company ("Prospector"), entered into a Business Combination Agreement, as amended as of September 25, 2023 (the "BCA"), with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech ("Newco")." No deal value is set — an item-2.01 heading is not a figure. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read
OTHER -> AI, on DEFM14A 0001213900-23-092701: "LeddarTech is an automotive advanced driver assistance and autonomous driving software company that offers raw data fusion and perception solutions."