<SEC-DOCUMENT>0001823306-24-000014.txt : 20240403
<SEC-HEADER>0001823306-24-000014.hdr.sgml : 20240403
<ACCEPTANCE-DATETIME>20240403073006
ACCESSION NUMBER:		0001823306-24-000014
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240403
FILED AS OF DATE:		20240403
DATE AS OF CHANGE:		20240403

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lightspeed Commerce Inc.
		CENTRAL INDEX KEY:			0001823306
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				981137623
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39498
		FILM NUMBER:		24816842

	BUSINESS ADDRESS:	
		STREET 1:		700 SAINT-ANTOINE STREET EAST, SUITE 300
		CITY:			MONTREAL
		STATE:			Z4
		ZIP:			H2Y 1A6
		BUSINESS PHONE:		(514) 907-1801

	MAIL ADDRESS:	
		STREET 1:		700 SAINT-ANTOINE STREET EAST, SUITE 300
		CITY:			MONTREAL
		STATE:			Z4
		ZIP:			H2Y 1A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lightspeed POS Inc.
		DATE OF NAME CHANGE:	20200901
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>april320246-k.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i9a1555c1f2b94f219f9025390c416cfd_1"></div><div style="min-height:112.47pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-right:-9.63pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-4.1pt;text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:252%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:252%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:252%">Washington, D.C. 20549</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:252%">FORM 6-K</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:6pt;padding-right:-12.12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.884%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.884%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.612%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.059%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.061%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">For the month of</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">April</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">2024</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Commission File Number</font></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">001-39498</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td></tr></table></div><div style="margin-bottom:6pt;padding-right:-9.63pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1.5pt;margin-top:2.65pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:826%">&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:826%">LIGHTSPEED COMMERCE INC.</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">(Translation of registrant&#8217;s name into English)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2.65pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">700 Saint-Antoine Street East, Suite 300</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Montr&#233;al, Qu&#233;bec, Canada </font></div><div style="margin-bottom:1.5pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">H2Y 1A6</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">(Address of principal executive offices)</font></td></tr></table></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:187%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F&#58;</font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.660%"><tr><td style="width:1.0%"></td><td style="width:31.415%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.415%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.079%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Form 20-F</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:712%">&#160;</font><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:712%"></font></div></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Form 40-F</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#9746;</font></td></tr></table></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation&#160;S-T Rule&#160;101(b)(1)&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation&#160;S-T Rule&#160;101(b)(7)&#58;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div><div style="margin-bottom:6pt;padding-right:-9.63pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-4.1pt;text-align:center"><font><br></font></div><div style="height:112.47pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i9a1555c1f2b94f219f9025390c416cfd_4"></div><hr style="page-break-after:always"><div style="min-height:112.47pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:826%">DOCUMENTS INCLUDED AS PART OF THIS REPORT</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:9.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.374%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Exhibit</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.02pt"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"><a href="april32024pressreleaseeng.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">99.1</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;margin-top:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lightspeed Commerce Announces Cost Reductions, Share Repurchase Program, and Reaffirms Focus on Profitable Growth </font></div></td></tr></table></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt"><font><br></font></div><div style="height:112.47pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:826%">2</font></div></div></div><div id="i9a1555c1f2b94f219f9025390c416cfd_7"></div><hr style="page-break-after:always"><div style="min-height:112.47pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">SIGNATURES</font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.695%"><tr><td style="width:1.0%"></td><td style="width:22.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.469%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Lightspeed Commerce Inc.</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">(Registrant)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">April 3, 2024</font></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1.5pt;margin-top:2.65pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:146%">&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:146%">By</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:146%">&#58;</font></div></td><td colspan="6" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">&#160;&#47;s&#47; Dan Micak</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Name&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">&#160;Dan Micak</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Title&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1.5pt;margin-top:2.65pt;padding-left:3.15pt;text-indent:-3.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">&#160;Chief Legal Officer</font></div></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="height:112.47pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:826%">3</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>april32024pressreleaseeng.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<title>Document</title></head><body><div id="i0ce69c41e7f2428ca4bb3a87a536cda2_1"></div><div style="min-height:88.56pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Lato',sans-serif;font-size:15pt;font-weight:700;line-height:133%">Lightspeed Commerce Announces Cost Reductions, Share Repurchase Program, and Reaffirms Focus on Profitable Growth </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:133%">Elimination of approximately 10% of Lightspeed&#8217;s headcount-related operating expenditures.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Lato',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:133%">Lightspeed&#8217;s board authorized a share repurchase program for up to 10% of its public float - the maximum allowed per year - representing approximately U.S. $140 million</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:6.82pt;font-style:italic;font-weight:400;line-height:133%;position:relative;top:-3.67pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:133%">.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:133%">Lightspeed reaffirms its outlook for fiscal 2024 revenue and Adjusted EBITDA</font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:6.82pt;font-style:italic;font-weight:400;line-height:133%;position:relative;top:-3.67pt;vertical-align:baseline">2</font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:133%">. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">MONTREAL, April 3, 2024 &#47;PRNewswire&#47; </font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">- </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">Lightspeed Commerce Inc.</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%"> (NYSE &#124; TSX&#58; LSPD) the unified POS and payments platform for ambitious entrepreneurs who wish to provide the best omnichannel customer experiences, today announced a reorganization and cost reduction initiatives to facilitate the next phase of its profitable growth strategy. These initiatives are designed to improve the Company's financial performance while also allowing for greater investment in key product development and customer experiences.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">The reorganization impacts approximately 280 roles representing about 10% of Lightspeed&#8217;s headcount-related operating expenditures. In addition, the Company has undertaken several other cost reduction initiatives in facilities and operations. Lightspeed expects that the majority of the restructuring charges will be incurred in the first quarter of fiscal 2025, and that the execution of the restructuring plan will be substantially complete by the end of the first quarter of fiscal 2025.   </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8220;After successfully integrating our many acquisitions into our two flagship products and expanding adoption of our payments offering, Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,&#8221; said Lightspeed Founder and Chief Executive Officer Dax Dasilva. &#8220;This means making some hard decisions, like reducing spending in specific areas such as headcount, to allow for investments in others. As we navigate through this transition, we acknowledge the invaluable efforts of every team member who has played a role in our journey.&#8221;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8220;To optimize our capital allocation, our Board of Directors has also authorized the repurchase of up to ten percent of our public float, the maximum allowable under TSX rules, representing &#126;$140 million based on recent closing prices on the NYSE,&#8221; said Asha Bakshani, Chief Financial Officer of Lightspeed. &#8220;As we continue to drive profitable growth and execute on our long-term strategic plan, this authorization gives us the opportunity to create value for our shareholders through share repurchases and reduce dilution from employee equity grants.&#8221;</font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:88.56pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Lightspeed is reaffirming its previously-established revenue and Adjusted EBITDA outlooks as set out in its press release dated February 8, 2024</font><font style="color:#ffffff;font-family:'Lato',sans-serif;font-size:7.15pt;font-weight:400;line-height:133%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:7.15pt;font-weight:400;line-height:133%;position:relative;top:-3.85pt;vertical-align:baseline">,2</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Lightspeed will provide an update on its financial performance for both Q4 and the end of fiscal 2024 on its earnings call in May 2024. In addition, Lightspeed will provide its outlook for fiscal 2025, its 2025 strategic plan, and management&#8217;s planned approach to the share repurchase program.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">Launch of Normal Course Issuer Bid</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Lightspeed has authorized, and the Toronto Stock Exchange (the &#8220;</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">TSX</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8221;) has approved, a normal course issuer bid (the &#8220;</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">NCIB</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8221;) to purchase for cancellation up to 9,722,677 subordinate voting shares of Lightspeed over the twelve-month period commencing on April 5, 2024 and ending no later than April 4, 2025, representing approximately 10% of the &#8220;public float&#8221; (as defined in the TSX Company Manual) of the subordinate voting shares issued and outstanding as at March 22, 2024. As at March 22, 2024, there were 153,540,389 subordinate voting shares issued and outstanding. Subject to the required regulatory approvals, the NCIB will be conducted through the facilities of the TSX and the New York Stock Exchange (the &#8220;</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">NYSE</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8221;) or alternative trading systems in Canada and the United States, </font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">if eligible, and will conform to their regulations. Subordinate voting shares will be acquired under the NCIB at the prevailing market price at the time of acquisition, except that any purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order. Any subordinate voting share purchased under the NCIB will be canceled.</font></div><div><font><br></font></div><div><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Under the NCIB, other than purchases made under block purchase exemptions, Lightspeed will be allowed, subject to applicable securities laws, to purchase daily, through the facilities of the TSX, a maximum of 165,177 subordinate voting shares representing 25% of the average daily trading volume of 660,709 subordinate voting shares, as calculated per the TSX rules for the six-month period ended</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%"> on February 29, 2024.</font></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">In connec</font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">tion with the NCIB, Lightspeed will also enter into an automatic share purchase plan (&#8220;</font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%">ASPP</font><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8221;) on the date hereof wit</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">h the designated broker responsible for the NCIB, allowing for the purchase of subordinate voting shares under the NCIB at times when Lightspeed would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods, and in any event only after Lightspeed releases financial results in respect of its fiscal year ended March 31, 2024. Pursuant to the ASPP, before entering into a </font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Represents estimated value based on the closing trading price of the subordinate voting shares on the New York Stock Exchange on April 1, 2024</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The purpose of the financial outlook is to provide the reader with a description of management&#8217;s expectations regarding our financial performance and may not be appropriate for other purposes. See the section entitled &#34;Financial Outlook&#34;, &#34;Financial Outlook Assumptions&#34; and &#34;Forward-Looking Statements&#34; in the Company&#8217;s earnings press release dated February 8, 2024, for the assumptions, risks and uncertainties related to Lightspeed's outlook, and the section entitled &#34;Forward-Looking Statements&#34; of this press release. The financial outlook is fully qualified by such sections.</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:88.56pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">blackout period, Lightspeed may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with certain purchasing parameters. Such purchases will be made by the designated broker based on such purchasing parameters, without further instructions by Lightspeed, in compliance with the rules of the TSX, applicable securities laws and the terms of the ASPP. </font></div><div><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Lightspeed believes that the purchase of its subordinate voting shares under the NCIB is an appropriate investment by it since, in its view, market prices from time to time may not reflect the underlying value of Lightspeed&#8217;s business. </font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Furthermore, the purchases are expected to benefit all persons who continue to hold Lightspeed subordinate voting shares by increasing their equity interest in Lightspeed when such repurchased subordinate voting shares are canceled.</font></div><div><font><br></font></div><div><font style="background-color:#ffffff;color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Actions in connection with the NCIB will be subject to various factors, including Lightspeed&#8217;s capital and liquidity positions, accounting and regulatory considerations, Lightspeed&#8217;s financial and operational performance, alternative uses of capital, the trading price of Lightspeed&#8217;s subordinate voting shares and general market conditions. The NCIB does not obligate Lightspeed to acquire a specific dollar amount or number of shares and may be modified or discontinued at any time. Lightspeed has not repurchased any of its outstanding subordinate voting shares under a normal course issuer bid in the past 12 months.</font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%;text-decoration:underline">About Lightspeed </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Powering the businesses that are the backbone of the global economy, Lightspeed&#8217;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.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Founded in Montr&#233;al, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE&#58; LSPD) (TSX&#58; LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">For more information, see </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">www.lightspeedhq.com</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Follow us on social media&#58; </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">LinkedIn</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">, </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">Facebook</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">, </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">Instagram</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">, </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">YouTube</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">, and </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">Twitter</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:700;line-height:133%;text-decoration:underline">Forward-Looking Statements</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (&#34;forward-looking statements&#34;), including information regarding Lightspeed&#8217;s fiscal 2024 financial outlooks (including revenue and Adjusted EBITDA outlooks), cost reduction initiatives, NCIB and ASPP, and the intended purchase for </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:88.56pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">cancellation of subordinate voting shares of Lightspeed thereunder. 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 &#34;will&#34;, &#34;expects&#34;, &#34;anticipates&#34;, &#34;intends&#34;, &#34;plans&#34;, &#34;believes&#34;, &#34;estimates&#34; 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 factors. 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 &#34;Risk Factors&#34; 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 </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%"> and on EDGAR at </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">www.sec.gov</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">. 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.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">For further information&#58; </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Lightspeed Media Relations&#58;  </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">media&#64;lightspeedhq.com</font></div><div><font style="color:#000000;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Investor Relations&#58; </font><font style="color:#1155cc;font-family:'Lato',sans-serif;font-size:11pt;font-weight:400;line-height:133%;text-decoration:underline">investorrelations&#64;lightspeedhq.com</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
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