Lightspeed Commerce Inc., a unified POS and payments platform for entrepreneurs, announced a share repurchase program to return up to $400 million in cash to shareholders as part of a full transformation plan to maximize value for the company. The program includes the immediate execution of approximately $100 million under the current authorization, plus an additional $300 million, subject to market conditions.

The decision got the nod of approval from Lightspeed’s largest shareholder, the Caisse de dépôt et placement du Québec, which owns 16 per cent of the stock.

Lightspeed will hold a Capital Markets Day on March 26, 2025, at the New York Stock Exchange, to provide a comprehensive update on the company's transformation plan.