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Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On November 10, 2021, the Audit Committee of the Board of Directors of Squarespace, Inc. (the “Company”), in consultation with management and Ernst & Young LLP, the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited interim consolidated financial statements for the interim period ended September 30, 2021 included in its quarterly report on Form 10-Q for the quarter ended September 30, 2021, as originally filed with the Securities and Exchange Commission on November 8, 2021, should no longer be relied upon due to the identification of an error in the calculation of its weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B, and Class C stockholders, basic and diluted ("WASO") for the three months ended September 30, 2021. Due to this error, the Company's WASO, the net income/(loss) per share attributable to Class A, Class B, and Class C stockholders, basic and dilutive for the three months ended September 30, 2021 was also incorrectly calculated as $0.04 per share instead of $0.02 per share.
As a result of the error, the Company determined that it must restate the unaudited interim consolidated financial statements for the interim period ended September 30, 2021 and will file an amendment to the Company’s Form 10-Q for the three months ended September 30, 2021, on or around November 15, 2021.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SQUARESPACE, INC. | ||
| Dated: November 15, 2021 | By: | /s/ Courtenay O’Connor |
| Courtenay O’Connor | ||
| General Counsel and Secretary | ||
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