MONTREAL, Sept. 25,
2024 /CNW/ - Lightspeed Commerce Inc. (NYSE:
LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"),
today issued the following statement:
While it is the long-standing policy of Lightspeed not to
comment on market rumors, the Company notes the recent media
reports concerning a potential transaction involving the
Company.
Lightspeed periodically undertakes, and is currently conducting,
a strategic review of its business and operations with a view to
realizing its full potential. In this context, the Company has
engaged, and may continue to engage, in discussions relating to a
range of potential strategic alternatives.
The Board of Directors of Lightspeed is committed to acting in
the best interests of the Company and its stakeholders.
The Company does not intend to issue or disclose developments
with respect to any of the above matters except as required under
its regulatory obligations.
About Lightspeed
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 omnichannel
customer experiences. Our cloud commerce solution transforms and
unifies online and physical operations, multichannel sales,
expansion to new locations, global payments, financial solutions,
and connection to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe, and Asia
Pacific, the Company serves retail, hospitality, and golf
businesses in over 100 countries.
Forward-looking Information
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed's review of strategic
alternatives, the process relating to such review and potential
outcomes thereof. Forward-looking statements are statements that
are predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
facts. Such statements are based on current expectations of
Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic and other
factors, and there can be no assurance that Lightspeed's review of
strategic alternatives will result in a transaction or that, if
undertaken, such transaction would be completed. A number of risks,
uncertainties and other factors may cause actual results to differ
materially from the forward-looking statements contained in this
news release, including, among other factors, those risk factors
identified in our most recent Management's Discussion and Analysis
of Financial Condition and Results of Operations, under "Risk
Factors" in our most recent Annual Information Form, and in our
other filings with the Canadian securities regulatory authorities
and the U.S. Securities and Exchange Commission, all of which are
available under our profiles on SEDAR+ at www.sedarplus.com and on
EDGAR at www.sec.gov. Readers are cautioned to consider these and
other factors carefully when making decisions with respect to
Lightspeed's subordinate voting shares and not to place undue
reliance on forward-looking statements. Forward-looking statements
contained in this news release are not guarantees of future
performance and, while forward-looking statements are based on
certain assumptions that Lightspeed considers reasonable, actual
events and results could differ materially from those expressed or
implied by forward-looking statements made by Lightspeed. Except as
may be expressly required by applicable law, Lightspeed does not
undertake any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.