Shopify Subordinate Voting Ord Shs Class A SHOP

Primary Symbol: T.SHOP

Technology Information Technology Services

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.

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Shopify Subordinate Voting Ord Shs Class A > Shopify Announces Proposed Updates

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Post by Betteryear2on Apr 11, 2022 7:02am

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Post# 34592849

Shopify Announces Proposed Updates

Proposal Sets and Preserves Voting Power of Founder and CEO Tobi Ltke, Introduces New Service- and Liquidity-Based Sunsets, and Eliminates Intergenerational Transfers of Voting Power

Structure Allows Shopify to Remain Mission-Driven and Merchant-Obsessed

Separately Announces Planned 10-for-1 Split of the Company's Class A and Class B Shares

Internet, Everywhere--(Newsfile Corp. - April 11, 2022) - Shopify Inc. (NYSE, TSX: SHOP) ("Shopify" or the "Company"), a provider of essential internet infrastructure for commerce, today announced proposed updates to its governance structure designed to support the Company's continued long-term growth. The Company will seek shareholder approval to implement the proposed amendments to its articles of incorporation at its upcoming Annual and Special Meeting of shareholders to be held on June 7, 2022 (the "Meeting").

https://www.newsfilecorp.com/release/120006