SQUARESPACE (SQSP) SHAREHOLDER ALERT – Andrews & Springer

WILMINGTON, Del., May 13, 2024 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against Squarespace’s board of directors, 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 reached an agreement in principle for Permira to 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 in exchange for each Squarespace share.

Our Company’s investigation to date has determined that the merger appears to have significant conflicts of interest, making the process and review unfair. While the company claims that shareholders will receive a premium for their shares, Anthony Casalena, Squarespace’s majority shareholder who controls over 76% of the votes, will transfer a significant majority of his equity to the new company after the market closes. Minority shareholders, on the other hand, receive a payout of $44.00 and do not participate in future increases in the company’s value. The transaction price is below the price target of $45.00 per share set by Piper Sandler on May 7, 2024, just one week prior to the public announcement of the merger.

If you currently own Squarespace stock and would like additional information and to protect your investments free of charge, please contact us for more information at https://form.jotform.com/241333309115042 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 – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who have been victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Andrews & Springer’s recent successes include (i) securing a $51 billion derivatives recovery by completely canceling Elon Musk’s $55 billion pay package Tornetta v. Musk et al.CA 2018-0408-KSJM and (ii) securing a cash compensation of $1 billion for shareholders in Regarding Dell Technologies In. Class V Shareholder Disputes, CA 2018-0816-JTL. Having previously defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience and outstanding skills solely for the purpose of achieving positive outcomes for investors. For more information, please visit our website at www.andrewsspringer.com. This communication may be attorney advertising.