![]() Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the subordinate voting shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. ![]() No securities regulatory authority has either approved or disapproved the contents of this press release. The offering was conducted through a syndicate of underwriters led by Morgan Stanley and Barclays, as joint lead book-running managers, and BMO Capital Markets and RBC Capital Markets, as book-running managers. The Company currently expects that the net proceeds of the offering will be used primarily to strengthen the Company's financial position and allow it to pursue its growth strategies. The Company has granted the underwriters an over-allotment option, exercisable for a period of 30 days from the date hereof, to purchase up to 1,155,000 additional subordinate voting shares of the Company, representing in the aggregate 15% of the total number of subordinate voting shares of the Company sold pursuant to the Offering. A total of 7,700,000 subordinate voting shares of Lightspeed were issued from treasury and sold at a price to the public of US$93.00 per share, for gross proceeds to the Company of US$716.1 million before underwriting commission and offering costs. ("Lightspeed" or the "Company") (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced the closing of its previously-announced public offering of subordinate voting shares in the United States and Canada (the "Offering"). 11, 2021 /CNW Telbec/ - Lightspeed Commerce Inc.
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