Source prnewswire
Squarespace Announces Secondary Offering of Class A Common Stock
The Squarespace Company, Inc.. (NYSE: SQSP) ("Squarespace" or the "Company"), the design-driven platform for entrepreneurs who want to 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.. Furthermore, the selling stockholder intends to grant the underwriter a 30-day option to purchase up to an additional 900,000 shares of Class A common stock as part of the offer. It is expected that the selling stockholder will sell all of the shares in the offering. As a result of the sale of the shares by the selling stockholder, the Company will not receive any proceeds from the sale of those shares As a result of the sale of the shares by the selling stockholder, the Company will not receive any proceeds from the sale of those sharesThe underwriter for the offering is J.P. Morgan Securities LLC, which is serving as both the lead book-running manager and the underwriter for the offering.Shares of Class A common stock will be offered by the underwriter from time to time to purchasers either directly or through agents, or by brokers participating in brokerage transactions on the New York Stock Exchange, or to dealers participating in negotiated transactions or a combination of such methods of sale at the times of sale, at the prices prevailing at that time, or at prices related to such prevailing market prices or at negotiated prices, subject to the right of the underwriter to refuse any order, whether in full or in part.As part of this offering, shares of Class A common stock will be offered in accordance with an automatically effective shelf registration statement on Form S-3 (File No.. A registration statement (SEC filing number 333-274481) was filed with the Securities and Exchange Commission ("SEC") on September 12, 2023 as well as the prospectus filed with the registration statement and forming a part of it.. The prospectus included in that registration statement, as well as the documents incorporated by reference in that registration statement, should be read before investing. In order to obtain a copy of the prospectus, please visit the SEC's website at http://www.sec.gov.A few seconds.If you come from the government or from the judiciary. You may contact Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or you can send an email to [email protected] or call 1-866-8039204. You may contact Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or you can send an email to [email protected] or call 1-866-8039204.It is the responsibility of this company to ensure that this press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction where such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such states and jurisdictions.Located in San Francisco, Squarespace (NYSE: SQSP) is a design-driven platform that helps entrepreneurs build online brands and businesses. It is our mission to provide millions of people in more than 200 countries and territories with all the tools they need to build an online presence, build an audience, monetize, and scale their business online. Among the range of products we offer, you will find websites, domains, ecommerce, and marketing tools, as well as tools for scheduling with Acuity, managing your social media presence with Bio Sites, Unfold, and managing your hospitality business with Tock. Among the range of products we offer, you will find websites, domains, ecommerce, and marketing tools, as well as tools for scheduling with Acuity, managing your social media presence with Bio Sites, Unfold, and managing your hospitality business with Tock.Statements that are forward-looking in natureThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that all statements other than statements of historical fact are forward-looking statements. The proposed offering includes, but is not limited to, statements regarding the size, timing, terms, and completion of the proposed offering, as well as statements regarding the timing, terms, and completion of the proposed offering. Generally, forward-looking statements are identified by words such as "believe," "may," "will," "estimate," "continue," "expect," and similar expressions.. It should be noted that forward-looking statements are based on management's expectations, assumptions, and projections based on the information available at the time they were made.. Taking into account these assumptions and the risks and uncertainties that could impact Squarespace's business operations or this offering, Squarespace's actual results may differ materially and adversely from those that are anticipated or implied in the forward-looking statements.. Squarespace's filings with the Securities and Exchange Commission provide additional information on risks that could cause actual results to differ materially from those forecasted.. Squarespace does not assume any 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, except where required by law. Forward-looking statements are made as of the date they are made, and do not reflect any future changes unless required by law. Squarespace does not assume any 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, except where required by law. Forward-looking statements are made as of the date they are made, and do not reflect any future changes unless required by law.Getting in touchThe following email addresses are for investors and media representatives: [email protected]The source of this information is Squarespace, Inc.This week, Squarespace, Inc. (NYSE: SQSP), the design-driven platform that helps entrepreneurs build brands and businesses online, announced the results of its recent quarterly financial report for the third quarter of 2012.The Squarespace, Inc. (NYSE: SQSP), a design-driven platform that helps entrepreneurs build brands and businesses online, will announce its quarterly financial results on Thursday.Take advantage of PRN's top stories and curated news delivered to your inbox every week by signing up for our newsletter.
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