secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001193125-24-283677
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCC acquires EvolutionIQ for $730M; announces $300M share repurchase program
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- Total consideration of $730M: ~59.5% cash and ~40.5% CCCS common stock; cash portion funded by balance sheet and a $225M term loan.
- EvolutionIQ provides AI-powered claims guidance for disability and workers' compensation insurers; expected to close in Q1 2025.
- HSR waiting period has expired and EvolutionIQ stockholder approval obtained; other customary closing conditions remain.
- CCC board authorized up to $300M in share repurchases under a new program; repurchases to be funded from available liquidity and free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000119312524283677/0001193125-24-283677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000119312524283677/d919182d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-283677

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