[July 29, 2016] |
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Shopify Files Preliminary Base Shelf Prospectus and Registration Statement
Shopify Inc. (NYSE:SHOP)(TSX:SH) ("Shopify" or the "Company"), the
leading cloud-based, multi-channel commerce platform designed for small
and medium-sized businesses, today announced that it has filed a
preliminary short form base shelf prospectus with the securities
commissions in each of the provinces and territories of Canada, except
Quebec, and a corresponding shelf registration statement on Form F-10
(the "Registration Statement") with the U.S. Securities and Exchange
Commission (the "SEC (News - Alert)") under the U.S./Canada Multijurisdictional
Disclosure System.
The shelf prospectus and Registration Statement, when made final or
effective, will allow Shopify to offer up to US$500,000,000 of Class A
subordinate voting shares, preferred shares, debt securities, warrants,
subscription receipts, units, or any combination thereof, from time to
time during the 25-month period that the shelf prospectus is effective.
The specific terms of any future offering will be established in a
prospectus supplement to the shelf prospectus, which supplement will be
filed with the applicable Canadian securities regulatory authorities and
the SEC.
The Registration Statement filed with the SEC has not yet become
effective. No securities may be sold, nor may offers to buy be accepted,
prior to the time the Registration Statement becomes effective. This
press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in
any province, state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under
the securities laws of any such province, state or jurisdiction.
A copy of the preliminary short form base shelf prospectus can be found
on SEDAR at www.sedar.com,
and a copy of the Registration Statement can be found on EDGAR at www.sec.gov.
Copies of the preliminary short form base shelf prospectus and the
Registration Statement may also be obtained by contacting the Corporate
Secretary of the Company at 50 Elgin Street, 8th Floor, Ottawa, Ontario,
Canada, K2P 1L4.
About Shopify
Shopify is the leading cloud-based, multi-channel commerce platform
designed for small and medium-sized businesses. Merchants use the
software to design, set up and manage their stores across multiple sales
channels, including web, mobile, social media, marketplaces,
brick-and-mortar locations and pop-up shops. The platform also provides
a merchant with a powerful back-office and a single view of their
business. The Shopify platform was engineered for reliability and scale,
making enterprise-level technology available to businesses of all sizes.
Shopify currently powers over 275,000 businesses in approximately 150
countries and is trusted by big brands including Tesla Motors,
Budweiser, Red Bull, the LA Lakers, the New York Stock Exchange,
GoldieBlox, and many more.
This press release contains certain forward-looking statements within
the meaning of applicable securities laws. Words such as "will",
"anticipates" and "intends" or similar expressions are intended to
identify forward-looking statements.
These forward-looking statements are based on Shopify's current
expectations about future events and financial trends that management
believes might affect its financial condition, results of operations,
business strategy and financial needs, and on certain assumptions and
analysis made by Shopify in light of the experience and perception of
historical trends, current conditions and expected future developments
and other factors management believes are appropriate. These
projections, expectations, assumptions and analyses are subject to known
and unknown risks, uncertainties, assumptions and other factors that
could cause actual results, performance, events and achievements to
differ materially from those anticipated in these forward-looking
statements. Although Shopify believes that the assumptions underlying
these forward-looking statements are reasonable, they may prove to be
incorrect, and readers cannot be assured that actual results will be
consistent with these forward-looking statements. Actual results could
differ materially from those projected in the forward-looking statements
as a result of numerous factors, including certain risk factors, many of
which are beyond Shopify's control. The forward-looking statements
contained in this news release represent Shopify's expectations as of
the date of this news release, or as of the date they are otherwise
stated to be made, and subsequent events may cause these expectations to
change. Shopify undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160729005728/en/
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