Lightspeed Announces Closing of Acquisition of ShopKeep

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[{"type":"text","content":"\n \n \n \n Lightspeed Announces Closing of Acquisition of ShopKeep\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Nov. 25, 2020\n \n \n \n \n \n Landmark deal cements Lightspeed as a category leader for complex SMBs in\n \n the United States\n \n as economy undergoes unprecedented digital acceleration\n \n \n \n \n MONTREAL\n \n ,\n \n Nov. 25, 2020\n \n /CNW Telbec/ -\n \n \n Lightspeed POS Inc.\n \n \n (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the closing of the previously-reported acquisition of\n \n \n ShopKeep Inc.\n \n \n (ShopKeep), a leading cloud commerce platform provider based in\n \n New York City\n \n . Lightspeed finalized the acquisition for consideration of\n \n $145.2 million\n \n in cash and the issuance of 7,437,397 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. Lightspeed has also assumed ShopKeep's stock option plan, with the outstanding stock options thereunder converting into options to purchase 1,254,534 subordinate voting shares in the capital of Lightspeed.\n \n \n \n \n \n \n \n \n \n With the closing of this acquisition, Lightspeed now serves over 100,000 customer locations worldwide, generating approximately\n \n $33 billion\n \n in gross transaction volume\n \n 1\n \n annually, in each case as of\n \n September 30\n \n , 2020.\n \n \n RBC Capital Markets acted as advisor to Lightspeed on the transaction.\n \n \n \n About Lightspeed\n \n \n \n Lightspeed (NYSE and TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable and dependabl...

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