CCC Intelligent Solutions selling stockholders place 20M shares in secondary offering; company receives no proceeds

CCC Intelligent Solutions Holdings Inc.

Selling stockholders sold 20,000,000 shares at aggregate gross proceeds of ~$231.5 million.
Company did not receive any proceeds; all shares sold by Advent International and Oak Hill Capital affiliates.
Offering closed on April 9, 2024; underwritten by J.P. Morgan Securities LLC.
Underwriting agreement contains customary representations, warranties, and indemnification provisions.

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