Squarespace agrees to be acquired by Permira affiliates for $44.00 per share in cash

Squarespace, Inc.

All-cash deal valued at $44.00 per share; expected to close by May 2025 subject to approvals.
Major stockholders Casalena, General Atlantic, and Accel signed support agreements to vote in favor and roll over equity.
Company board and special committee unanimously approved; no-shop clause with fiduciary out.
Termination fee: $198.7M payable by Squarespace under certain conditions; $231.8M payable by buyer.
Financing committed via equity and debt commitment letters from Permira and lenders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Squarespace, Inc. entered into Merger Agreement with Spaceship Purchaser, Inc. and Spaceship Group MergerCo, Inc. valued at $44.00 (effective 2024-05-13).

Action: entry
Agreement: merger
Counterparty: Spaceship Purchaser, Inc. and Spaceship Group MergerCo, Inc.
Value: $44.00
Effective: 2024-05-13

Exact text from the filing

On May 13, 2024, Squarespace, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Spaceship Purchaser, Inc., a Delaware corporation (“ Parent ”), and Spaceship Group MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub ”, and together with Parent, the “ Buyer Parties ”), providing for the merger of Merger Sub with and into the Company, with the Company continuing as the surviving corporation (the “ Merger ”).

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Source: SEC EDGAR

accession 0001496963-24-000038

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