secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001193125-25-002624
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCC completes $427.9M cash + 26M shares acquisition of EvolutionIQ
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- Total consideration: ~$427.9M cash plus 26.0M shares of CCCS common stock; $300M share repurchase program authorized.
- Acquisition funded in part via $225M incremental term loans under amended credit agreement; maturity Sept 2028.
- EvolutionIQ is an AI platform for disability and workers' comp claims; expands CCC's market into strategic adjacencies.
- 10.4M shares of stock consideration subject to vesting/transfer restrictions; resale S-3 to be filed within 5 business days.
- Combined platform aims to revolutionize claim resolution with AI-based medical summarization and next best action.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000119312525002624/0001193125-25-002624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000119312525002624/d900396d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-002624

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