Squarespace Announces Pricing of Secondary Offering of Class A Common Stock

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Squarespace, Inc. (NYSE: SQSP) Announces Pricing of Secondary Public Offering of 6,000,000 Shares of Class A Common Stock. General Atlantic is the selling stockholder, with J.P. Morgan Securities LLC as the lead book-running manager and underwriter. The offering is being made pursuant to an automatically effective shelf registration statement on Form S-3 filed with the SEC on September 12, 2023.

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 the pricing of a secondary underwritten public offering of 6,000,000 shares of the Company's Class A common stock ("Class A common stock") by General Atlantic (the "selling stockholder"). The selling stockholder granted 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 may 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 filed with the Securities and Exchange Commission ("SEC") on September 12, 2023. The offering is being made only by means of a prospectus supplement and the accompanying prospectus 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, as well as the prospectus supplement related to this offering and the documents incorporated by reference therein. Copies of the final prospectus supplement and accompanying prospectus, when available, 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: 1-866-803-9204 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 offering, including statements regarding the satisfaction of customary closing conditions related to the offering and Squarespace's ability to complete the 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.

FAQ

What is Squarespace, Inc. (NYSE: SQSP) announcing?

Squarespace, Inc. (NYSE: SQSP) announced the pricing of a secondary underwritten public offering of 6,000,000 shares of the Company's Class A common stock by General Atlantic, the selling stockholder.

Who is the underwriter for the offering?

J.P. Morgan Securities LLC is serving as the lead book-running manager and as underwriter for the offering.

How can interested parties obtain the final prospectus supplement and accompanying prospectus?

Copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC's website at http://www.sec.gov or from J.P. Morgan Securities LLC.