Press release
Investigation announced for Investors in shares of Squarespace, Inc. (NYSE: SQSP) over possible Violations of Securities Laws
An investigation for investors in Squarespace, Inc. (NYSE: SQSP) shares over potential securities laws violations by Squarespace.
Investors who purchased shares of Squarespace, Inc. (NYSE: SQSP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Squarespace, Inc. (NYSE: SQSP) concerning whether a series of statements by Squarespace, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based Squarespace, Inc. operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. Squarespace, Inc. reported that its annual Total Revenue rose from $866.97 million in 2022 to over $1.012 billion in 2023, and that its Net Loss declined from $252.22 million in 2022 to $7.08 million in 2023.
On May 13, 2024, Squarespace, Inc informed the public that it has agreed to a deal with Permira, in which stockholders will receive $44.00 per share in an all-cash offer. Upon completion of the deal, Squarespace will be a private Company.
On August 14, 2024, Glazer Capital LLC announced that it had sent a letter to the board of Squarespace Inc., criticizing the $44.00 per share merger consideration offered by Permira Advisers for the proposed acquisition of the company as inadequate.
Shares of Squarespace, Inc. (NYSE: SQSP) traded on August 16, 2024, as high as $45.33 per share.
Those who purchased shares of Squarespace, Inc. (NYSE: SQSP) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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