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Lightspeed Announces Closing of US$676.2 Million Public Offering Including Full Exercise of the Over-Allotment Option
Lightspeed Announces Closing of US$676.2 Million Public Offering Including Full Exercise ...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed Announces Closing of US$676.2 Million Public Offering Including Full Exercise of the Over-Allotment Option\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n Feb. 12, 2021\n \n /CNW Telbec/ - Lightspeed POS Inc. (\"Lightspeed\" or the \"Company\") (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the closing of its previously-announced marketed public offering of subordinate voting shares in\n \n the United States\n \n and\n \n Canada\n \n . A total of 9,660,000 subordinate voting shares of Lightspeed were sold, including 1,260,000 subordinate voting shares following the exercise by the underwriters of their over-allotment option, at a price of\n \n US$70.00\n \n per share, for gross proceeds to the Company of\n \n US$620.2 million\n \n and to selling shareholders of\n \n US$56 million\n \n .\n \n \n \n \n \n \n \n \n \n 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.\n \n \n The offering was conducted through a syndicate of underwriters led by Morgan Stanley, Barclays and BMO Capital Markets, as joint lead book-running managers, with Credit Suisse and RBC Capital Markets as joint–bookrunners, and CIBC Capital Markets, KeyBanc Capital Markets, National Bank Financial Inc.,\n \n Raymond James\n \n and TD Securities as co-managers.\n \n \n No securities regulatory authority has either approved or disapproved the contents of this press release. 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.\n \n \n \n About Lightspeed\n \n \n \n Lightspeed (NYSE and TSX: LSPD) powe...