The Underwriters in Lightspeed Commerce Inc.’s US$823.5 million public offering (including full exercise of the over-allotment option)

On August 11, 2021, Lightspeed Commerce Inc. completed its public offering of 7,700,000 subordinate voting shares at a price of $93 per subordinate voting share for aggregate gross proceeds of US$716.1 million. On August 13, 2021, Lightspeed Commerce Inc. issued an additional 1,155,000 subordinate voting shares pursuant to the exercise in full, by the underwriters, of the over-allotment option for total aggregate gross proceeds to the company of approximately US$823.5 million. The offering was made through a syndicate of U.S. and Canadian underwriters. The net proceeds will be used to strengthen Lightspeed’s financial position and allow it to pursue growth strategies.

Lightspeed Commerce Inc. is a Montreal-based e-commerce and software firm specializing in providing merchants with solutions to unify operations, multichannel sales, expansion, global payments, financing and connection to suppliers.

Osler, Hoskin & Harcourt LLP advised the Underwriters with a team consisting of Francois Paradis, Jeremy Brisset, Marisa Corona, Asma Berrak (Securities), Alain Fournier and Jean-Philippe Dionne (Taxation) and Clark Holden (Intellectual Property).