You may also be asked to provide documents concerning your trading in Company stock and may be asked to sit for a deposition. Your Responsibilities as a Representative PlaintiffĪs a representative plaintiff, you will have a duty to represent the interests of similarly situated shareholders, i.e., the “Class,” and to participate in the prosecution of this litigation. The terms under which we will represent you and your responsibilities as a potential representative plaintiff are set forth below. Please provide us with documentation of your trading history in the Company’s stock by emailing a relevant copies of your brokerage statements to If you have any questions or need assistance, please call us at (212) 308-5858. In making this agreement, BESPC is relying upon your representation that you purchased the Company’s shares during the period from to (the “Relevant Period”). BESPC has conducted an investigation and believes that there is a valid basis to assert claims against the Company and its directors and/or officers for violation of federal or state securities laws. (the “Company”) and its directors and officers. (“BESPC”) to represent you in connection with potential litigation against Lightspeed Commerce Inc. This will confirm that you have retained Bragar Eagel & Squire, P.C. If you purchased or otherwise acquired Lightspeed shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at telephone at (212) 355-4648, or by filling out the form below.

Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Lightspeed had misrepresented the strength of its business by, inter alia, overstating its customer count, GTV, and increase in ARPU, while concealing the Company's declining organic growth and business deterioration (ii) Lightspeed had overstated the benefits and value of the Company's various acquisitions (iii) accordingly, the Company had overstated its financial position and prospects and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. The complaint filed alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. On this news, Lightspeed’s share price fell $13.73 per share, or more than 12%, to close at $98.77 per share on September 29, 2021, thereby injuring investors. On September 29, 2021, Spruce Point Capital Management published a report alleging, among other things, that the Company was “overstating its customer count by 85% and gross transaction volume (‘GTV’) by 10%.” The report also stated there was “vidence of declining organic growth and business deterioration through Lightspeed’s IPO, despite management’s claims that Average Revenue Per User (‘ARPU’) is increasing.” Investors have until Januto apply to the Court to be appointed as lead plaintiff in the lawsuit. (“Lightspeed” or the “Company”) (NYSE: LSPD) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Lightspeed securities between Septemand November 3, 2021, both dates inclusive (the “Class Period”). Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Lightspeed Commerce Inc.

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