Lightspeed Announces Company Name Change to Lightspeed Commerce Inc.

MONTREAL, Aug 9, 2021 /PRNewswire/ – Lightspeed Commerce Inc. (formerly Lightspeed POS Inc.) (“Speed ​​of light” or the “Company”) (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants worldwide to simplify, scale and create exceptional customer experiences, today announced that the company has changed its articles in line with with the Canada Business Corporations Act and, effectively August 6, 2021, has changed its name to Lightspeed Commerce Inc. (the “Name Change”). The Company‘s subordinated voting shares are expected to begin trading on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) under the new name at open market on or around August 10, 2021. Company‘s subordinated voting shares will continue to trade under the TSX and NYSE ticker symbol “LSPD”.

“We have evaluated our company name in light of the full scope of the solutions we offer today. Lightspeed is no longer just a point-of-sale solution, and we‘We are Lightspeed POS Inc. outgrown. We are the one-stop commerce platform for sellers around the world, so our company name must align with our current offerings and long-term vision. Lightspeed Commerce Inc. achieves both,” said Dax Dasilvac, Lightspeed founder and CEO.

At the annual and special meeting of the Company‘s shareholders held on August 5, 2021, shareholders have passed a special resolution authorizing a change of the Company‘s articles to implement the name change.

No action is required by shareholders in connection with the name change and no change has been made to the company‘s share capital. The company encourages all shareholders to contact their broker or agent with questions.

About Lightspeed

Powering the businesses that make up the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and deliver exceptional customer experiences. The cloud solution transforms and unifies online and physical operations, multi-channel sales, expansion to new locations, global payments, financing and connection to supplier networks.

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Founded in Montreal, Canada in 2005, Lightspeed was doubly listed on the New York Stock Exchange and the Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams on the other side North America, Europe and Asia-Pacific, the company serves retail, hospitality and golf businesses in more than 100 countries.

For more information, see www.lightspeedhq.com

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Forward-Looking Statements

This press release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are predictive in nature, rely on or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions with respect to matters that are not historical facts. Such statements are based on Lightspeed’s management’s current expectations and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors could cause actual results to differ materially from the forward-looking statements contained in this press release, including, among other things, the risk factors identified in our most recent discussion and analysis of management’s 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 Authority and the US Securities and Exchange Commission, all of which are available under our profile on SEDAR at www.sedar.com and on EDGAR on www.sec.gov. Readers are cautioned to carefully consider these and other factors when making decisions regarding Lightspeed’s subordinated voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed believes to be reasonable, actual events and results may differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as expressly required by applicable law, Lightspeed assumes no obligation to publicly update or revise such forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Lightspeed Commerce Inc.