Overview

• Shareholders will receive $44 per share, a 15% premium over the closing price.
• CEO Anthony Casalena will remain in his role and retain significant equity.
• The deal is expected to close by the fourth quarter of 2024, pending regulatory approval.
• Squarespace plans to enhance its tools for small and medium-sized businesses.
• This move follows a trend of tech companies going private to focus on long-term growth.