secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001193125-21-237930
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01, 3.02, 3.03, 5.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

CCC Intelligent Solutions completes SPAC merger with Dragoneer; begins trading on NYSE July 30, 2021
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- Post-closing shares outstanding: 594,545,380; warrants: 35,100,000; equity awards: 57,871,408.
- PIPE financing raised $150M (15M shares); forward purchase agreement raised $175M (17.5M units).
- Redemptions: 21,009,998 shares redeemed for ~$210.1M at ~$10.00/share before closing.
- Lock-up period of 180 days for major shareholders, with early release if stock closes ≥$12.00 for 20 days after 120 days.
- Shareholder rights agreement grants Advent Investor board nomination rights and registration rights; Advent holds ~62.7% of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000119312521237930/0001193125-21-237930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000119312521237930/d198324d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-237930

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