SEC Comment Letter 0000000000-23-007662 to Squarespace, Inc. (CIK 0001496963)
Squarespace, Inc. (CIK 0001496963)
Date: July 18, 2023 · CIK: 0001496963 · Accession: 0000000000-23-007662
AI Filing Summary & Sentiment
File numbers found in text: 001-40393
Letter
United States securities and exchange commission logo July 18, 2023 Nathan Gooden Chief Financial Officer Squarespace, Inc. 225 Varick Street, 12th Floor New York, New York 10014 Squarespace, Inc. Re:Squarespace, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Response dated June 16, 2023 File No. 001-40393 Dear Nathan Gooden: We have reviewed your June 16, 2023 response to our comment letter and have the following comment. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our June 2, 2023 letter. Form 10-K for the Fiscal Year Ended December 31, 2022 Notes to Consolidated Financial Statements 2. Summary of Significant Accounting Policies Operating Segments and Reporting Units, page 63 1.We note your response to our prior comment 2, however, your response did not address all the quantitative thresholds noted in ASC 280-10-50-12. Please tell us how you considered ASC 280-10-50-12. Also, since the aggregation criteria of ASC 280-10-50-11 was not met, tell us why you believe it is appropriate to state, "the Company’s business operates in two operating segments which are aggregated into one reportable segment." Please consider revising future disclosure.
FirstName LastNameNathan Gooden Comapany NameSquarespace, Inc. July 18, 2023 Page 2 FirstName LastName Nathan Gooden Squarespace, Inc. July 18, 2023 Page 2 You may contact Inessa Kessman, Senior Staff Accountant at 202-551-3371 or Robert Littlepage, Accounting Branch Chief at 202-551-3361 if you have any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
July 18, 2023
Nathan Gooden
Chief Financial Officer
Squarespace, Inc.
225 Varick Street, 12th Floor
New York, New York 10014
Squarespace, Inc.
Re:Squarespace, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Response dated June 16, 2023
File No. 001-40393
Dear Nathan Gooden:
We have reviewed your June 16, 2023 response to our comment letter and have the
following comment. In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
June 2, 2023 letter.
Form 10-K for the Fiscal Year Ended December 31, 2022
Notes to Consolidated Financial Statements
2. Summary of Significant Accounting Policies
Operating Segments and Reporting Units, page 63
1.We note your response to our prior comment 2, however, your response did not address all
the quantitative thresholds noted in ASC 280-10-50-12. Please tell us how you considered
ASC 280-10-50-12. Also, since the aggregation criteria of ASC 280-10-50-11 was not
met, tell us why you believe it is appropriate to state, "the Company’s business operates in
two operating segments which are aggregated into one reportable segment." Please
consider revising future disclosure.
FirstName LastNameNathan Gooden
Comapany NameSquarespace, Inc.
July 18, 2023 Page 2
FirstName LastName
Nathan Gooden
Squarespace, Inc.
July 18, 2023
Page 2
You may contact Inessa Kessman, Senior Staff Accountant at 202-551-3371 or Robert
Littlepage, Accounting Branch Chief at 202-551-3361 if you have any questions.
Sincerely,
Division of Corporation Finance
Office of Technology