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Squarespace (SQSP) Prices 6M Share Secondary Offering

November 16, 2023 4:54 AM EST

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: [email protected].

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.



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