other material
confidence high
sentiment neutral
materiality 0.65
Clearwater Analytics secondary offering of 13M shares by selling stockholders
Clearwater Analytics Holdings, Inc.
- Selling stockholders offering 13,000,000 shares of Class A common stock; over-allotment option for additional 1,950,000 shares.
- Company will not receive any proceeds from sale; shares offered by affiliates of Welsh, Carson, Anderson & Stowe.
- Underwriting agreement with J.P. Morgan Securities LLC as representative of underwriters; offering closed March 13, 2023.
- Offering made under automatic shelf registration statement on Form S-3 filed March 8, 2023.