WeCommerce Holdings Ltd. Announces Certain Grants of Stock Options

WeCommerce Holdings Ltd. (the “Company”) (TSXV: WE) announces that it has granted to its directors an aggregate of 21,000 incentive stock options (the “Options”) to purchase common shares in the capital of the Company. The Options vest over four years, have an exercise price of $7.00 per share and expire December 10, 2025. The Options were granted pursuant to the Company’s stock option plan.

About WeCommerce Holdings Ltd.

WeCommerce is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including, Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash and Foursixty. The Company’s primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants.

WeCommerce is focused on acquiring businesses with growth potential, a sustainable competitive advantage and that are, or have the potential to become, a leader within their particular market. The Company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. As one of Shopify’s first partners since 2010, WeCommerce believes it is well positioned to continue to identify acquisition opportunities in the Shopify Partner ecosystem..

View source version on businesswire.com: https://www.businesswire.com/news/home/20201211005558/en/

Evan Brown, Chief Financial Officer
[email protected]
250-888-9424