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Lightspeed Commerce Responds to Media Reports

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Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has responded to recent media reports about a potential transaction involving the company. Lightspeed stated that it is currently conducting a strategic review of its business and operations to realize its full potential. The company has engaged in discussions regarding potential strategic alternatives and may continue to do so.

The Board of Directors is committed to acting in the best interests of the company and its stakeholders. Lightspeed does not intend to disclose further developments unless required by regulatory obligations. The company, founded in Montréal in 2005, provides a cloud commerce solution for businesses in retail, hospitality, and golf sectors across over 100 countries.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ha risposto a recenti notizie sui media riguardanti una potenziale transazione che coinvolge l'azienda. Lightspeed ha dichiarato che sta attualmente conducendo una revisione strategica della propria attività e delle operazioni per realizzare il suo pieno potenziale. L'azienda ha avviato discussioni riguardo a potenziali alternative strategiche e potrebbe continuare a farlo.

Il Consiglio di Amministrazione è impegnato ad agire nel miglior interesse dell'azienda e dei suoi stakeholder. Lightspeed non intende comunicare ulteriori sviluppi a meno che non sia richiesto da obblighi normativi. L'azienda, fondata a Montréal nel 2005, offre una soluzione di commercio cloud per le aziende nei settori del commercio al dettaglio, della ristorazione e del golf in oltre 100 paesi.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ha respondido a informes recientes de los medios sobre una posible transacción que involucra a la empresa. Lightspeed declaró que actualmente está llevando a cabo una revisión estratégica de su negocio y operaciones para realizar su máximo potencial. La compañía ha estado en conversaciones sobre posibles alternativas estratégicas y puede continuar haciéndolo.

La Junta Directiva está comprometida a actuar en el mejor interés de la empresa y sus partes interesadas. Lightspeed no tiene la intención de divulgar más desarrollos a menos que sea requerido por obligaciones regulatorias. La empresa, fundada en Montréal en 2005, proporciona una solución de comercio en la nube para negocios en los sectores de retail, hospitalidad y golf en más de 100 países.

라이트스피드 커머스 주식회사(Lightspeed Commerce Inc.)(NYSE: LSPD)(TSX: LSPD)는 최근 미디어 보도에 대한 반응으로 회사와 관련된 잠재적 거래에 대한 정보를 공개했습니다. 라이트스피드는 현재 비즈니스와 운영의 전략적 검토를 수행하여 최대 잠재력을 실현하고 있다고 밝혔습니다. 회사는 잠재적인 전략적 대안에 대해 논의하고 있으며 앞으로도 계속할 수 있습니다.

이사회는 회사와 이해관계자의 최선의 이익을 위해 행동할 것을 다짐하고 있습니다. 라이트스피드는 규제 의무에 따라 요구되지 않는 한 추가적인 발전을 공개할 의도가 없습니다. 이 회사는 2005년 몬트리올에서 설립되어 소매, 환대 및 골프 분야의 비즈니스를 위한 클라우드 커머스 솔루션을 100개국 이상에 제공하고 있습니다.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) a répondu à des rapports médiatiques récents concernant une transaction potentielle impliquant l'entreprise. Lightspeed a déclaré qu'elle procédait actuellement à un examen stratégique de ses activités et opérations pour réaliser son plein potentiel. L'entreprise a engagé des discussions sur des alternatives stratégiques potentielles et pourrait continuer à le faire.

Le conseil d'administration est déterminé à agir dans le meilleur intérêt de l'entreprise et de ses parties prenantes. Lightspeed n'a pas l'intention de divulguer d'autres développements, sauf si cela est requis par des obligations réglementaires. Fondée à Montréal en 2005, l'entreprise propose une solution de commerce en cloud pour les entreprises des secteurs de la vente au détail, de l'hôtellerie et du golf dans plus de 100 pays.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) hat auf jüngste Medienberichte über eine potenzielle Transaktion mit dem Unternehmen reagiert. Lightspeed gab an, dass es derzeit eine strategische Überprüfung seiner Geschäftstätigkeit und Abläufe durchführt, um sein volles Potenzial zu erkennen. Das Unternehmen hat Gespräche über mögliche strategische Alternativen geführt und könnte dies weiterhin tun.

Der Vorstand verpflichtet sich, im besten Interesse des Unternehmens und seiner Stakeholder zu handeln. Lightspeed beabsichtigt nicht, weitere Entwicklungen bekannt zu geben, es sei denn, dies wird aufgrund regulatorischer Verpflichtungen erforderlich. Das 2005 in Montréal gegründete Unternehmen bietet eine Cloud-Commerce-Lösung für Unternehmen in den Bereichen Einzelhandel, Gastgewerbe und Golf in über 100 Ländern an.

Positive
  • Lightspeed is conducting a strategic review to realize its full potential
  • The company is exploring potential strategic alternatives
  • Lightspeed's commerce platform serves businesses in over 100 countries
Negative
  • None.

Insights

Lightspeed's acknowledgment of ongoing strategic discussions is significant, potentially signaling major changes ahead. The company's "strategic review" could encompass various scenarios, including a possible sale, merger, or substantial restructuring. This news has immediate implications for investors:

  • Stock volatility: Expect increased trading activity and price fluctuations as the market reacts to potential outcomes.
  • Valuation impact: The mere possibility of a strategic transaction could affect Lightspeed's market valuation, either positively or negatively depending on investor speculation.
  • Long-term strategy: This review may lead to significant changes in Lightspeed's business model or market positioning, affecting its long-term growth prospects.

While the company hasn't confirmed any specific plans, the fact that they've publicly addressed these rumors suggests that substantial developments may be in the works. Investors should closely monitor further announcements and be prepared for various scenarios that could materially impact Lightspeed's future and stock performance.

MONTREAL, Sept. 25, 2024 /PRNewswire/ - 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lightspeed-commerce-responds-to-media-reports-302259238.html

SOURCE Lightspeed Commerce Inc.

FAQ

What is Lightspeed Commerce's response to recent media reports about a potential transaction?

Lightspeed Commerce (LSPD) acknowledged the media reports and stated that it is currently conducting a strategic review of its business and operations, including discussions about potential strategic alternatives.

Is Lightspeed Commerce (LSPD) planning to disclose more information about the potential transaction?

Lightspeed stated that it does not intend to issue or disclose developments regarding the matter except as required under its regulatory obligations.

What is the focus of Lightspeed Commerce's (LSPD) current strategic review?

Lightspeed's strategic review is focused on realizing the company's full potential and may include discussions about a range of potential strategic alternatives.

How has Lightspeed Commerce's (LSPD) Board of Directors responded to the situation?

Lightspeed's Board of Directors stated that it is committed to acting in the best interests of the company and its stakeholders.

Lightspeed Commerce Inc.

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