---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-25-001016"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:27:28.952307+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Clearwater Analytics to be acquired for $8.4B, shareholders to receive $24.55 per share cash

## Summary
- Transaction valued at ~$8.4B; per share cash price of $24.55 represents ~47% premium over undisturbed price as of Nov 10, 2025.
- Acquired by Permira and Warburg Pincus-led Investor Group with support from Francisco Partners and Temasek.
- Company may solicit alternative acquisition proposals during a go-shop period ending Jan 22, 2026, with extension to Feb 2, 2026.
- Termination fee: $111.67M if deal terminated for superior proposal during go-shop; $241.95M otherwise; Parent pays $521.13M if it fails to close.
- Transaction expected to close in 2026, subject to stockholder approval, regulatory approvals, and other customary conditions.

## SEC filing metadata
- accession: 0000950157-25-001016
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000095015725001016/0000950157-25-001016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000095015725001016/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-25-001016
- JSON: https://secwatch.observer/filing/0000950157-25-001016.json
- Plain text: https://secwatch.observer/filing/0000950157-25-001016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.