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LeddarTech Announces Adjustments to Warrant Exercise Price and Related Terms

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QUEBEC CITY, Feb. 14, 2024 /PRNewswire/ — LeddarTech Holdings Inc. (“LeddarTech“) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, today announced that in accordance with the terms of the outstanding warrants expiring December 21, 2028 (CUSIP: 52328E113) (the “Warrants”) to purchase shares of LeddarTech common stock without par value, the Warrant exercise price will be reduced to US $11.17 per share from the current US $11.50 per share. Corresponding adjustments will be made to the redemption provisions applicable to the Warrants. The adjustments are effective as of the close of business on February 9, 2024.

The adjustments are being made after LeddarTech considered the potentially dilutive impact on the Warrants of the share dividend (the “Prospector Share Dividend”) previously declared and paid by Prospector Capital Corp. (“Prospector”) to non-redeeming Prospector public stockholders at the time of the closing of the business combination between LeddarTech and Prospector, as more fully described in LeddarTech’s public filings with the U.S. Securities and Exchange Commission. The Prospector Share Dividend was not made with respect to any other Prospector or LeddarTech shares issued and outstanding prior to or upon consummation of the business combination.

Pursuant to the terms of the Warrants, LeddarTech retained an independent investment banking firm of recognized national standing who rendered their opinion that an adjusted exercise price of US $11.17, without any adjustment to the number of common shares issuable upon exercise, would be necessary to effectuate the intent and purpose of the anti-dilution provisions set forth in the warrant agreement. Further information on the Warrants and the adjustment to the Warrant exercise price, including the U.S. Federal income tax treatment of this adjustment, is available in the “Investors” section of LeddarTech’s website.

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (ii) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may result in significant costs of defense, indemnification and liability; (iii) changes in general economic and/or industry-specific conditions; (iv) possible disruptions from the business combination that could harm LeddarTech’s business; (v) the ability of LeddarTech to retain, attract and hire key personnel; (vi) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties, including as a result of the business combination; (vii) potential business uncertainty, including changes to existing business relationships following the business combination that could affect LeddarTech’s financial performance; (viii) legislative, regulatory and economic developments; (ix) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak or escalation of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (x) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xi) LeddarTech’s ability to execute its business model, achieve design wins and generate meaningful revenue; and (xii) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Annual Report on Form 20-F for the fiscal year ended September 30, 2023. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Holdings Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Investor relations website: investors.LeddarTech.comInvestor relations contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.comFinancial media contact: Dan Brennan, ICR Inc. dan.brennan@icrinc.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

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SOURCE LeddarTech Inc.

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Acer Unleashes Nitro Graphics Cards Powered by AMD and Intel for DIY Gaming Enthusiasts

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Editor’s Summary

Four new graphics cards include two Nitro Intel® Arc™ models and two based on AMD Radeon™ RX 9060 XT OC, which are designed to support high-performance gaming, content creation, and AI experiences.Now available in white, Acer offers an alternative to the existing black version of the Nitro Intel® Arc™ B580 OC 12GB. It provides graphics clock performance of up to 2,740 MHz.The Acer Nitro Intel Arc A380 LP 6GB features built-in Intel XMX AI capabilities and advanced 3D acceleration hardware delivers powerful graphics clock speeds up to 2,000 MHz.The Acer Nitro Radeon™ RX 9060 XT OC includes 16 GB and 8 GB models supporting boost clocks up to 3,320 MHz[1] and game clocks of up to 2,780 MHz[1].

TAIPEI, May 21, 2025 /PRNewswire/ — Acer today unveiled the expansion of its graphics card lineup, introducing the new Acer Nitro Intel® Arc™ A and B Series, alongside the powerful Acer Nitro Radeon™ RX 9060 XT OC graphic cards, tailored specifically for gamers and creators seeking to elevate their DIY PC builds. These cutting-edge additions are engineered to deliver exceptional gameplay performance, seamless content creation, and enhanced visual fidelity, making them ideal for enthusiasts looking to push their systems to the next level. With a focus on innovation and reliability, Acer’s latest offerings cater to a wide range of needs, ensuring that both competitive gamers and creative professionals can achieve stunning results without compromise.

All of the new Nitro graphics cards are built to last for years to come with an aluminum backplate and a non-flex design to withstand the rigors of high-performance gameplay. They’re also outfitted with Acer Intelligence Space, a built-in central hub for AI features to detect system hardware, recommend compatible AI applications to optimize performance and help find new gaming tools. In addition, Acer Game Assistance’s adaptive aim system gives gamers a competitive edge, while Acer ProCam automatically recognizes and records gameplay highlights.

Acer Nitro Intel Arc Graphics Cards

The Acer Nitro Intel Arc B580 OC 12GB is now available in white as an alternative to the black model that came to market earlier this year. With clock speeds up to 2,740 MHz, it supports immersive gameplay with high FPS gaming at 1440p and up to 8K displays. The Intel Xe2 microarchitecture with built-in DirectX 12 Ultimate support provides ray tracing capabilities, mesh shaders, variable rate shading and sampler feedback to enhance gameplay with real-time lighting, shadows and reflections. Intel XeSS Frame Generation technology (XeSS-FG) significantly increases frames per second (FPS), while Intel Xe Low Latency technology (XeLL) decreases input lag from keyboard and mouse inputs to the display for smooth performance.

The Acer Nitro Intel Arc B580 OC’s compact design makes it easy to fit into any DIY setup. The FrostBlade cooling system, featuring a textured blade design and dual ball bearing system, increases airflow and reduces noise by 8% compared to plastic fans. As an Intel Arc GPU, it offers a creator toolkit to accelerate content creation, editing and uploading. The Xe Media Engine with its Dual Media Transcoder allows seamless video editing, speeds processing time, and supports a wide gamut of media formats. Leveraging the specialized XMX AI engines in each Xe-core, the AI Playground app provides image and video creation, editing, and AI-powered chat capabilities.

The Acer Nitro Intel Arc A380 LP 6GB provides up to a 2,000 MHz game clock. With Xe-cores featuring built-in Intel® XMX AI capabilities and advanced 3D acceleration hardware, its Xe microarchitecture with DirectX 12 Ultimate Support is compatible with the latest graphics technologies, including ray tracing, variable rate shading, mesh shading and sampler feedback. Xe Super Sampling (XeSS) elevates gameplay with AI-enhanced upscaling technology to deliver higher performance with high image fidelity. Gamers, streamers and content creators can increase productivity with powerful content creation abilities, including processing 8K HDR video and accelerating 3D workloads.

With a cutting-edge media engine and AI capabilities, the Nitro Intel Arc A380 helps spark creativity and assists in the development of engaging content, supporting high-quality and storage-efficient AV1 video. For effective cooling, a blower-style fan efficiently dispels heat.

Acer Nitro Radeon RX 9060 XT OC Graphics Cards

The two new AMD Radeon models include the Acer Nitro Radeon RX 9060 XT OC 16GB and Acer Nitro Radeon RX 9060 XT OC 8GB editions. Both Acer Nitro Radeon RX 9060 XT OC graphics cards deliver boost clocks of up to 3,320 MHz[1] and game clocks of up to 2,780 MHz[1].

Leveraging AMD RDNA™ 4 compute units with powerful raytracing and AI accelerators, these GPUS are primed to deliver immersive 8K visuals and fast gaming and content creation. They also provide exceptional visual quality for video streaming and editing with AMD HYPR-RX, which boosts performance and reduces latency across thousands of games. AMD FidelityFX™ Super Resolution 4 image upscaling with advanced frame generation technologies increases framerates in supported games. In addition, the AMD Radiance Display™ Engine improves multimedia and streaming.

Featuring dual Axial fans, the cooling systems maintain performance during high-intensity gaming matches. The fans operate quietly and withstand higher temperatures thanks to dual ball bearings and lubricating oil.

Pricing and Availability

The Acer Nitro Intel Arc B580 OC 12GB graphics card is available in EMEA, starting at EUR 329.

The Acer Nitro Radeon™ RX 9060 XT OC 16GB graphics card will be available in EMEA in June, starting at EUR 649.99.

The Acer Nitro Radeon™ RX 9060 XT OC 8GB graphics card will be available in EMEA in June, starting at EUR 599.99.

Exact specifications, prices, and availability will vary by region. To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com.

Visit Acer at Computex from May 20-23, 2025, or check out the Acer Computex 2025 Press Kit site to see all announcements.

Specifications

Name

Acer Nitro Intel® Arc™ B580 OC 12GB

Model

AN-B580-OCA

Graphics

Intel® Arc™ B-Series Graphics, DirectX 12 Ultimate, OpenGL 4.6, 20 Xe-cores

Interface

Bus: PCIe 4.0 x 8

PCIe Power: 8-pin

Memory

12 GB GDDR6, 456 Gbps bandwidth, 19 Gbps memory speed

Graphics Clock

2,740 MHz

Cooling

FrostBlade fans x 2

Output

HDMI 2.1, DisplayPort 2.1 x3,

Digital Max Resolution: 7680×4320

Simultaneous display: 4

Total Board Power

205 W

Dimensions and weight

268 (W) x 113 (D) x 40 (H) mm, 780 g

 

Name

Acer Nitro Intel® Arc™ A380 LP 6GB

Model

AN-A380

Graphics

Intel® Arc™ A-Series Graphics, DirectX 12 Ultimate, OpenGL 4.6, 8 Xe-cores

Interface

Bus: PCIe 4.0 x 8

PCIe Power: 8-pin

Memory

6 GB GDDR6, 186 Gbps bandwidth, 15.5 Gbps memory speed

Graphics Clock

2,000 MHz

Cooling

Dual Axial fans

Output

HDMI 2.0, DisplayPort 2.0, DisplayPort 1.4,

Digital Max Resolution: 8K

Simultaneous display: 2

Total Board Power

75 W

Dimensions and weight

168 (W) x 70 (D) X 37 (H) mm, 1 slot

 

Name

Acer Nitro Radeon™ RX 9060 XT OC 16GB

Model

AN-RX9060XT-16G-OCC

Graphics

AMD Radeon™ RX 9000 Series graphics, DirectX 12 Ultimate, OpenGL 4.6, 20 Cores

Interface

BUS: PCIe 5.0 x 16

PCIe Power: 8-pin

Memory

Size: 16 GB GDDR6

Bandwidth: 320 GB/s

Speed: 20 GB/s

Graphics Clock

Boost clock: Up to 3,320 MHz

Game clock: Up to 2,780 MHz

Cooling

Dual Axial fans

Output

HDMI 2.1a, DisplayPort 2.1 x2,

Digital Max Resolution: 8K

Simultaneous display: 3

Total Board Power

182 W

Dimensions

269 (W) x 110 (D) x 44 (H) mm, 2 slots

 

Name

Acer Nitro Radeon™ RX 9060 XT OC 8GB

Model

AN-RX9060XT-8G-OCC

Graphics

AMD Radeon™ RX 9000 Series graphics, DirectX 12 Ultimate, OpenGL 4.6, 20 Cores

Interface

BUS: PCIe 5.0 x 16

PCIe Power: 8-pin

Memory

Size: 8 GB GDDR6

Bandwidth: 320 GB/s

Speed: 20 GB/s

Graphics Clock

Boost clock: Up to 3,320 MHz

Game clock: Up to 2,780 MHz

Cooling

Dual Axial fans

Output

HDMI 2.1a, DisplayPort 2.1 x2,

Digital Max Resolution: 8K

Simultaneous display: 3

Total Board Power

182 W

Dimensions

269 (W) x 100 (D) x 44 (H) mm, 2 slots

About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 9,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.

© 2025 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

[1] Specifications may vary depending on model and/or region. All models are subject to availability.

 

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SOURCE Acer

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Bank SinoPac Partners with CBTW to Implement Advanced Wealth Management Platform

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Strategic collaboration kicks off at signing ceremony in Taiwan

TAIPEI, May 21, 2025 /PRNewswire/ — CBTW, a global technology leader with deep expertise in the financial services industry, today announced a strategic agreement with Bank SinoPac, one of Taiwan’s leading financial institutions. Formalized at a signing ceremony in Taipei, this partnership marks the commencement of a significant transformation initiative to implement the Temenos Wealth platform, aiming to enhance Bank SinoPac’s wealth management capabilities.

This collaboration will empower Bank SinoPac to deliver hyper-personalized and digitally enabled wealth services to its customers. Leveraging a dedicated team of domain experts and certified consultants, CBTW will deploy a comprehensive platform designed to meet the growing demand for intuitive, efficient, and integrated private wealth management experiences.

CBTW’s wealth management solutions include proprietary accelerators such as OneStart, OneLedger, OneFM, and OneView, which streamline deployment, ensuring faster time-to-market and improved operational efficiency. These accelerators, proven in similar projects across APAC and Europe, are seamlessly integrated with Temenos’ Wealth Front Office and Analytics tools to deliver a unified user experience and real-time portfolio insights.

“This partnership with Bank SinoPac represents more than just a technology implementation – it reflects a shared ambition to redefine wealth management through agility, intelligence, and client-centricity,” said Pieter van Diermen, Founder and CEO APAC, CBTW. “At CBTW, we offer not only deep technical expertise but also a long-term commitment to helping banks transform the way they serve a new generation of investors in Asia.

The new private banking system platform is designed to meet the needs of high-net-worth clients for diversified and efficient portfolio management, while also enabling relationship managers (RMs) to deliver superior asset management services.

CBTW’s proven track record in modernizing core banking systems and delivering cutting-edge digital solutions positions it as a key partner in Bank SinoPac’s digital transformation journey. The collaboration is anticipated to set new benchmarks in wealth management services, not only in Taiwan but across the Asia-Pacific region.

About CBTW
CBTW (Collaboration Betters The World) is a global technology company specializing in delivering innovative solutions across industries, with a key focus on the financial services sector. As a trusted Temenos delivery partner, CBTW has a strong presence in the Asia-Pacific, MEA and Europe region, empowering businesses with our expertise in core banking modernization, digital transformation, and wealth management solutions for a competitive edge in the financial landscape.

About Bank SinoPac
SinoPac Bank, established in Taiwan, is one of the region’s premier financial institutions, renowned for its robust scale and comprehensive service network. Offering a full spectrum of banking services—including corporate banking, retail banking, and wealth management—SinoPac Bank leverages digital innovation and a customer-centric approach to deliver professional, efficient, and world-class financial solutions to individuals and businesses both domestically and internationally.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bank-sinopac-partners-with-cbtw-to-implement-advanced-wealth-management-platform-302461448.html

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Bank of Sydney subscribes to Infosys Finacle Digital Banking Suite on AWS Cloud

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MELBOURNE, Australia, May 21, 2025 /PRNewswire/ — Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), and Bank of Sydney (BoS), today announced the bank’s decision to select the Infosys Finacle Digital Banking Suite to power its transformation. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth.

BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions.

Among other benefits, the next-gen Infosys Finacle Digital Banking Suite will also enable BoS to:

Accelerate transformation with the Finacle Reference Bank – a preconfigured solution with Australia-ready products and processes.Enhance digital experience by delivering superior omni-channel self-service capabilities through mobile and online banking.Simplify the bank’s IT landscape by retiring multiple applications, reducing technical debt and creating a more agile IT environment.Innovate at scale leveraging configuration-driven product and service innovation, while seamlessly integrating with the broader ecosystem through open APIs.Scale dynamically to support the business growth leveraging the AWS cloud-powered services.

Melos Sulicich, Chief Executive Officer, Bank of Sydney, said, “At Bank of Sydney, our strategic goal is to become the leading deposit bank in Australia and to drive significant business growth in the coming years. This requires adapting to rapidly changing customer needs, digital advancements, and regulatory requirements. Transforming our technology stack, centered around our core and digital banking platform, is crucial to meeting these objectives. With Infosys Finacle, we have a proven transformation partner and a next-generation banking platform to address the evolving needs of our business, customers, and regulatory ecosystem.”

Jamie Simon, Director, Banking and Financial Services (A/NZ), AWS, said, “AWS’s collaboration with Infosys Finacle is a commitment to empowering banks with scalability, agility, and flexibility. By leveraging Finacle on AWS, Bank of Sydney is accelerating its digital transformation to enhance customer experiences, achieving faster time to market while optimizing costs. The deployment on AWS provides the bank with a highly secure, agile environment, enabling seamless scalability and integration of digital services. We are excited to support Bank of Sydney in this journey and help drive its continued growth and innovation.”

Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, “We are thrilled to announce our collaboration with Bank of Sydney, marking a significant milestone in our expanding presence in Australia. This partnership underscores our commitment to providing flexible and affordable modernization solutions to Australian financial institutions. With Infosys Finacle’s advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.”

About Bank of Sydney

At Bank of Sydney, we provide genuine value to our people, customers, communities, and partners.

We are an Australian Bank that has been operating in Australia under a full banking licence since 2001, with branches across Sydney, Melbourne and Adelaide. The Bank has a full Australian banking license and is independently operated and regulated by Australian standards and government bodies, including APRA and ASIC, whilst also being a proud member of the Australian Banking Association (ABA).

About Infosys Finacle

Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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