MONTREAL — Lightspeed POS Inc. shareholders will vote this summer on whether to change the company's name.
The Montreal-based technology business says shareholders will decide whether the company is renamed Lightspeed Commerce Inc.
Lightspeed says in its circular that is considering a change because it wants a name that more accurately represents the full scope of services it provides.
The POS in its current name refers to the point-of-sale technology it offers, but the company says it wants to better convey that it is a one-stop commerce platform with several offerings.
The notice is included in an information circular for the meeting, to be held Aug. 5. A name change needs approval from about 66 per cent of the votes cast.
If enough shareholders vote in favour of the new name, Lightspeed says it will file articles of amendment to have the change formally made.
This report by The Canadian Press was first published June 30, 2021.
Companies in this story: (TSX:LSPD)
The Canadian Press
