 Acquisition will provide merchants newfound selling flexibility and omnichannel experiences, expanded by new partnership with TikTok MONTREAL, Oct. 1, 2021 PRNewswire - Lightspeed Commerce Inc. NYSE: LSPD TSX: LSPD, the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced the closing of the previously reported acquisition of Ecwid, a best-in-class, global eCommerce platform, that allows customers to create standalone businesses in minutes. Lightspeed finalized the acquisition for cash consideration of approximately 163.6 million, net of cash acquired, and the issuance at closing of 4,842,674 subordinate voting shares in the capital of Lightspeed, of which 371,088 are subject to a right of buyback for nominal consideration in favour of Lightspeed if certain milestones are not achieved over the next two years, subject to customary post-closing adjustments. 