The law firm Andrews &

WILMINGTON, Del., May 27, 2024 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential claims of breach of fiduciary duty against the board of directors of Squarespace, Inc. (NYSE: SQSP) (“Squarespace” or the “Company”) in connection with the sale of the Company to private equity firm Permira. On May 13, 2024, the two parties announced that they had entered into an agreement in principle under which Permira will acquire Squarespace in a private merger. As a result of the merger, Squarespace shareholders are expected to receive only $44.00 per share in cash for each Squarespace share.

Our firm’s research to date has found that the merger appears to have significant conflicts of interest, making the process and consideration unfair. While the company claims shareholders are receiving a premium for their shares, Anthony Casalena, Squarespace’s majority shareholder who controls over 76% of the vote, will contribute a significant majority of his equity to the new company upon completion of the transaction. Minority shareholders, on the other hand, will be paid out at $44.00 and will not participate in any future upside of the company. The transaction consideration is below the $45.00 per share price target set by Piper Sandler on May 7, 2024, just one week before the merger was publicly announced.

If you currently own Squarespace stock and would like to learn more information and protect your investment at no cost, please contact us for more information at http://www.andrewsspringer.com/cases-investigations/squarespace-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at [email protected] or call toll-free at 1-800-423-6013. You can also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – Twitter: @AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm that represents shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Andrews & Springer’s recent successes include (i) securing a $51 billion derivatives recovery through the complete nullification of Elon Musk’s $55 billion compensation package in Tornetta v. Musk et al.CA 2018-0408-KSJM and (ii) securing a cash settlement of $1 billion for shareholders in In re Dell Technologies In. Class V Shareholder ActionCA 2018-0816-JTL. Our founding members have defended some of the largest financial institutions in the world and use their valuable knowledge, experience and outstanding skills for the sole purpose of achieving positive results for investors. For more information, please visit our website at www.andrewsspringer.com. This notice may constitute attorney advertising.