{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-052444","form_type":"8-K","ticker":"CWAN","cik":"0001866368","company_name":"Clearwater Analytics Holdings, Inc.","filed_at":"2025-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.380137+00:00","generated_at":"2026-05-24T22:44:25.839488+00:00","sec_items":["1.01","3.02","8.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Clearwater Analytics acquires Beacon for ~$560M and Bistro from Blackstone for $125M","bullets":["Beacon acquisition: ~$560M total (60% cash, 40% stock at $30.05/share); Beacon had $44M ARR in 2024.","Bistro acquisition: $125M from Blackstone ($10M cash, rest stock at $30/share); portfolio visualization platform.","Funding via $800M Term Loan B, cash on hand, and $200M revolver; also includes prior Enfusion acquisition.","Deals aim to create a unified front-to-back platform spanning public/private markets, data, risk, and execution.","PIMCO, an existing Beacon strategic partner and investor, will continue to collaborate on the platform."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-052444","json":"https://secwatch.observer/filing/0001193125-25-052444.json","markdown":"https://secwatch.observer/filing/0001193125-25-052444.md","text":"https://secwatch.observer/filing/0001193125-25-052444.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866368/000119312525052444/0001193125-25-052444-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866368/000119312525052444/d853519d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T22:44:25.839488+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}