---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-068760"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:28:33.701820+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clearwater Analytics closes acquisition of Blackstone's Bistro portfolio visualization platform

## Summary
- Consideration: 3,833,333 shares of Class A common stock issued at closing, plus $10M cash due by July 1, 2025.
- Bistro is Blackstone's proprietary portfolio visualization software built for its Credit & Insurance (BXCI) business.
- Shares issued in reliance on Section 4(a)(2) and Rule 506 of Regulation D, unregistered sale.
- Acquisition originally announced in March 2025 8-K filing.

## SEC filing metadata
- accession: 0001193125-25-068760
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000119312525068760/0001193125-25-068760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000119312525068760/d923144d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-068760
- JSON: https://secwatch.observer/filing/0001193125-25-068760.json
- Plain text: https://secwatch.observer/filing/0001193125-25-068760.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.