secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0000950157-25-001016
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000095015725001016/0000950157-25-001016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000095015725001016/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-25-001016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer