Shopify Inc 6-K, filed Jul 8, 2022
Shopify Inc. (SHOP)
6-K
2022-07-08
For: 2022-07-08
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Added on
April 06, 2026
About this 6-K
Shopify Inc filed this 6-K on July 8, 2022.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
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For the month of
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July
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2022
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Commission File Number
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001-37400
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Shopify Inc.
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(Translation of registrant’s name into English)
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151 O'Connor Street, Ground Floor
Ottawa, Ontario, Canada K2P 2L8
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(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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Form 20-F
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Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
DOCUMENTS INCLUDED AS PART OF THIS REPORT
Exhibit
| 99.1 | Shopify Completes Acquisition of Deliverr to Expand Fast and Easy Fulfillment for Merchants Across Multiple Channels |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Shopify Inc.
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(Registrant)
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Date:
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July 8, 2022
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By:
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/s/ Jessica Hertz
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Name: Jessica Hertz
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Title: General Counsel and Corporate Secretary
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Exhibit 99.1
Shopify Completes Acquisition of Deliverr to Expand Fast and Easy Fulfillment for Merchants Across Multiple Channels
Internet, Everywhere - July 8, 2022 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, today announced that it has completed its acquisition of Deliverr,
Inc.
“Together with Deliverr, Shopify Fulfillment Network (SFN) will give millions of independent businesses, on and off Shopify, an end-to-end logistics platform to unlock fast and easy fulfillment,”
said Aaron Brown, CEO of Shopify’s logistics group. “I am delighted to officially welcome the over 400 talented employees of Deliverr to Shopify. Our combined team strengthens SFN’s ability to manage merchant inventory from ‘port to porch’ as
merchandise arrives at domestic ports, travels to and throughout the warehouse network, gets distributed across sales channels, and ultimately arrives at the consumer’s doorstep.”
Brown added, “SFN will allow all merchants to better align the supply of their inventory with buyer demand as we remove complexity for merchants in one of the most challenging areas they face today: logistics. And soon, we will roll out
another powerful feature of SFN called Shop Promise, which will offer reliable two- and next-day delivery options across the U.S.”
With the addition of Deliverr's world-class software, talent, data, and scale, SFN will offer merchants a one-stop shop for their logistics needs, from initial receipt of inventory to smart distribution, through to fast delivery and easy
returns. Merchant benefits include:
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Multichannel inventory management. Merchants will have a single place to view and ship their inventory for different sales channels, including Amazon, eBay, Etsy, Walmart, and platforms like
Google, Facebook, Instagram, and TikTok.
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Greater alignment between inventory supply and demand. Merchants will have their inventory automatically positioned near demand and fulfill orders from the closest possible warehouse utilizing
proprietary software that predicts where customer orders are likely to come from.
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More flexible, independent logistics services. Merchants, whether or not they use SFN for fulfillment, can mix and match key services such as storage, freight, inventory preparation and returns
so they can choose what’s right for them as they scale.
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Shop Promise. A new service that offers consumers reliable two-day and next-day delivery options across the U.S., Shop Promise utilizes an expanded network of partners and carriers, and
guarantees merchants full ownership of their brand, business intelligence, and customer data.
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The anticipated benefits of Shopify’s acquisition of Deliverr are described in greater detail on our news page.
Transaction Terms
Under the terms of the agreement, Shopify acquired all of Deliverr’s outstanding securities in a transaction valued at approximately $2.1 billion, consisting of $1.7 billion in net cash and $0.4 billion in Shopify Class A Subordinate Voting
Shares, some of which are for post-transaction services that will be accounted for as stock-based compensation. Deliverr’s key management elected to take a significant portion of their stockholder consideration as Shopify Class A Subordinate Voting
Shares that will vest subject to certain conditions.
About Shopify
Shopify is a leading provider of essential internet infrastructure for commerce, offering trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services
that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Proudly founded in Ottawa, Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as Allbirds,
Gymshark, Heinz, Tupperware, FTD, Netflix, FIGS, and many more. For more information, visit www.shopify.com.
Forward-Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Words such as “expect”, “continue”, “will”, “plan”, and “intend” or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are based on Shopify’s current projections and 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, including but not limited to risk factors disclosed previously and from time to time in Shopify’s filings with the U.S. Securities and Exchange Commission and the securities commissions or similar securities regulatory authorities in each
of the provinces or territories of Canada.
The forward-looking statements contained in this press release represent Shopify’s expectations as of the date of this post, 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.
CONTACT:
INVESTORS:
Katie Keita
Director, Investor Relations
613-241-2828 x 1024
IR@shopify.com
MEDIA:
Alex Lyons
Senior Communications Lead
416-238-6705 x 302
press@shopify.com