05:31 AM EDT, 09/26/2024 (MT Newswires) -- Lightspeed Commerce ( LSPD ) was at last look up near 1.3% in U.S. premarket trade on Thursday after it released a statement overnight noting recent media reports concerning a potential transaction involving the company.

In the statement, Lightspeed said it "periodically undertakes, and is currently conducting, a strategic review of its business and operations with a view to realizing its full potential. In this context, the company has engaged, and may continue to engage, in discussions relating to a range of potential strategic alternatives."

The Globe and Mail yesterday published a story saying Lightspeed Commerce ( LSPD ) is officially up for sale. The board has hired JP Morgan Chase & Co. to run a strategic review of the business that includes a potential sale to a rival tech company or private equity fund, the Globe reported, citing a source familiar with the situation.