![](https://capedge.com/proxy/SUPPL/0001140361-20-020255/logo_lightspeed.jpg)
| | Price to the Public(1) | | | Underwriters’ Fee(2) | | | Net Proceeds to the Company(3) | | | Net Proceeds to the Selling Shareholders | |
Per Offered Share | | | US$30.50 | | | US$1.525 | | | US$28.975 | | | US$28.975 |
Total Offering(4) | | | US$355,325,000 | | | US$17,766,250 | | | US$289,750,000 | | | US$47,808,750 |
(1) | The Offering Price was determined by negotiation between the Company, Caisse and the Underwriters (as defined herein), with reference to the then-current market price for the Subordinate Voting Shares. |
(2) | The total Underwriters’ fee for the Offering will be paid proportionately by the Company and each of the Selling Shareholders based on the respective number of Offered Shares sold by each pursuant to the Offering. For additional information regarding underwriter compensation, see “Plan of Distribution” and “Selling Shareholders”. |
(3) | After deducting the Underwriters’ fee payable by the Company, but before deducting the other expenses in respect of the Offering estimated to be approximately US$2,813,463. See “Plan of Distribution”. |
(4) | The Company, DHIDasilva Holdings Inc. (“DHI”) (an entity indirectly controlled by Dax Dasilva, our founder and Chief Executive Officer) and certain members of the Company’s management named herein (together with Caisse and DHI, the “Selling Shareholders”) have granted to the Underwriters an option (the “Over-Allotment Option”), exercisable, in whole or in part, from time to time not later than 30 days after the Closing Date, to purchase from the Company and such Selling Shareholders up to 1,747,500 additional Subordinate Voting Shares (the “Additional Shares”), representing in the aggregate 15% of the total number of Offered Shares offered hereunder, at the Offering Price, less the Underwriters’ fee. The Over-Allotment Option is comprised of the Additional Treasury Shares (as defined below) and 620,000 Subordinate Voting Shares of the Selling Shareholders other than Caisse. See “Selling Shareholders” and “Plan of Distribution”. |
Morgan Stanley | | | Barclays | | | BMO Capital Markets |
BofA Securities | | | RBC Capital Markets |
CIBC Capital Markets | | | KeyBanc Capital Markets | | | Raymond James | | | Scotiabank |
TD Securities | | | Truist Securities |