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Lightspeed Announces Closing of Bought Deal Offering of Subordinate Voting Shares
Lightspeed Announces Closing of Bought Deal Offering of Subordinate Voting Shares ...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n\n\n\nLightspeed Announces Closing of Bought Deal Offering of Subordinate Voting Shares\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Feb. 27, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, Feb. 27, 2020 /CNW Telbec/ - Lightspeed POS Inc. (\"Lightspeed\" or the \"Company\") (TSX: LSPD) today announced the closing of the previously-announced new issue and secondary offering by its shareholders, namely Caisse de dépôt et placement du Québec (\"Caisse\"), Investissement Québec (\"IQ\") and Inovia Capital (through entities controlled by them) (\"Inovia\" and, together with Caisse and IQ, the \"Selling Shareholders\"), of an aggregate of 7,717,650 subordinate voting shares at a purchase price of C$37.30 per subordinate voting share for aggregate gross proceeds of C$287.9 million to the Company and the Selling Shareholders, which includes the exercise in full by the underwriters of their over-allotment option to purchase up to 1,006,650 additional subordinate voting shares (the \"Offering\"). 4,695,000 subordinate voting shares were issued from treasury and sold by Lightspeed for aggregate gross proceeds of C$175.1 million and an aggregate of 3,022,650 subordinate voting shares were sold by the Selling Shareholders for aggregate gross proceeds of C$112.7 million. \n\n \n \n\n \nBMO Capital Markets and National Bank Financial Inc. acted as joint bookrunners for the Offering. CIBC Capital Markets, RBC Capital Markets, TD Securities Inc., Barclays Capital Canada Inc., Scotia Capital Inc., Raymond James Ltd., Eight Capital and PI Financial Corp. also acted as underwriters for the Offering. \nNo securities regulatory authority has either approved or disapproved the contents of this press release. The subordinate voting shares have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws. Accordingly, the subordinate voting shares may not be offered or sold within the Uni...