On August 14, 2024, Glazer Capital LLC announced that it has sent a letter to Squarespace Inc board, called the $44.00 per share as merger consideration offered by Permira Advisers to the proposed acquisition of the Company inadequate, and it considers industry standard methodologies of transaction valuation analysis to have been omitted from fairness opinion, resulting in significant undervaluation. Glazer Capital believes flawed, self-serving process was designed to benefit controlling shareholders and Permira Advisers, to the detriment of minority shareholders, and it highlights that the 2 selected Companies singled out by special committee's financial advisor have appreciated more than premium offered by Permira Advisers. In addition, Glazer Capital stated that it intended to vote against the acquisition at the upcoming Company?s Special Meeting.