NEW YORK, Nov. 15,
2023 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP)
("Squarespace" or the "Company"), the design-driven platform
helping entrepreneurs build brands and businesses online, today
announced that General Atlantic (the "selling stockholder") intends
to offer 6,000,000 shares of the Company's Class A common stock
("Class A common stock") in a secondary underwritten public
offering. The selling stockholder also intends to grant the
underwriter a 30-day option to purchase up to an additional 900,000
shares of Class A common stock. All of the shares in the offering
will be sold by the selling stockholder. The Company will not
receive any proceeds from the sale of the shares by the selling
stockholder.
J.P. Morgan Securities LLC is serving as the lead book-running
manager and as underwriter for the offering.
The underwriter proposes to offer the shares of Class A common
stock from time to time to purchasers directly or through agents,
or through brokers in brokerage transactions on the New York Stock
Exchange, or to dealers in negotiated transactions or in a
combination of such methods of sale, at market prices prevailing at
the time of sale, at prices related to such prevailing market
prices or at negotiated prices, subject to its right to reject any
order in whole or in part.
The shares of Class A common stock in this offering are being
offered pursuant to an automatically effective shelf registration
statement on Form S-3 (File No. 333-274481) filed with the
Securities and Exchange Commission ("SEC") on September 12, 2023 and the prospectus, dated
September 12, 2023, that forms a part
of the registration statement. Before you invest, you should read
the prospectus in that registration statement and the documents
incorporated by reference in that registration statement. Copies of
the prospectus may be obtained on the SEC's website at
http://www.sec.gov or from J.P. Morgan Securities LLC, Attention:
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
1-866-8039204 or email: prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Squarespace
Squarespace (NYSE: SQSP) is a design-driven platform
helping entrepreneurs build brands and businesses online. We
empower millions in more than 200 countries and territories with
all the tools they need to create an online presence, build an
audience, monetize, and scale their business. Our suite of products
range from websites, domains, ecommerce, and marketing tools, as
well as tools for scheduling with Acuity, creating and managing
social media presence with Bio Sites
and Unfold, and hospitality business management via Tock.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact are
forward-looking statements. These statements include, but are not
limited to, statements regarding the proposed offering, including
statements regarding the size, timing, terms and completion of the
proposed offering. The words "believe," "may," "will," "estimate,"
"continue," "expect," and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are
based on management's expectations, assumptions and projections
based on information available at the time the statements were
made. In light of these assumptions and the risks and uncertainties
that could impact Squarespace's business or this offering,
Squarespace's actual results could differ materially and adversely
from those anticipated or implied in the forward-looking
statements. Further information on risks that could cause actual
results to differ materially from forecasted results are included
in Squarespace's filings with the SEC. Forward-looking statements
speak only as of the date they are made and, except as required by
law, Squarespace assumes no obligation to update these
forward-looking statements, or to update the reasons if actual
results differ materially from those anticipated in the
forward-looking statements.
Contacts
Investors
investors@squarespace.com
Media
press@squarespace.com
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SOURCE Squarespace, Inc.