Prospector Capital Corp. Announces New Record And Distribution Date Of December 21, 2023 For Issuance Of Dividend Shares

Prospector Capital Corp. ("Prospector") (NASDAQ:PRSRU, PRSR and PRSRW))))) previously announced that it will issue, in connection with the consummation (the "Closing") of the proposed business combination (the "Business Combination") 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, as a dividend, to each holder on the date of the Closing (the "Closing Date") of Class A ordinary shares of Prospector (the "Prospector Class A Shares") that were included in the units issued in Prospector's initial public offering and were not redeemed, as well as each holder of units of Prospector (the "Prospector Units") which include Prospector Class A Shares that were not redeemed, one additional Prospector Class A Share for each such Prospector Class A Share or Prospector Unit held by such shareholder or unitholder on the Closing Date (such shares, the "Dividend Shares"). Prospector today announced that its board of directors has set a new record date for the Prospector Class A Shares as well as for the Prospector Units for the issuance of the Dividend Shares of December 21, 2023, the currently anticipated Closing Date, immediately after giving effect to (i) the redemption of Prospector Class A Shares previously submitted for redemption and (ii) the conversion of each Class B ordinary share of Prospector into 0.75 Prospector Class A Shares and 0.25 Prospector Sponsor Non-Voting Special Shares, a new class of shares in the capital of Prospector convertible into Prospector Class A Shares, on the same date (the "Record and Distribution Date"). The issuance of the Dividend Shares is subject to the consummation of the Business Combination on the same date. As previously announced, Prospector held an extraordinary general meeting (the "Extraordinary General Meeting") of its shareholders on December 13, 2023 where the shareholders voted to approve, among other things, the Business Combination. If the Business Combination is not consummated on December 21, 2023, the record date will automatically change to be on such later date on which the Business Combination is consummated, at the time described above.

The closing of the Business Combination is subject to the satisfaction of customary closing conditions and is expected to close as soon as practicable following the Extraordinary General Meeting.