other material
confidence high
sentiment neutral
materiality 0.70
Advent sells 42M shares of CCCS; CCCS repurchases 7M shares concurrently
CCC Intelligent Solutions Holdings Inc.
- Secondary offering of 42M shares by Advent affiliates; gross proceeds to sellers ~$433.7M.
- Company concurrently repurchased 7M shares from underwriters at same per-share price.
- Company received no proceeds from the offering; all shares sold by Selling Stockholders.
- Offering closed on March 3, 2025; terms approved by audit committee of independent directors.