---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-083531"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:22:14.085302+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clearwater-Enfusion deal to close Apr 21; cash election oversubscribed at $10.87/share

## Summary
- Expected close on April 21, 2025, pending shareholder approval and customary conditions.
- Final Parent Stock Price set at $23.2440, below collar; Per Share Cash Consideration fixed at $10.87.
- 45.5% of shares elected Mixed Consideration, 6.1% Stock, 40.9% Cash (oversubscribed, prorated), 7.6% no election (receive stock).
- Corporate mergers expected to qualify as a tax-free reorganization under Section 368(a).
- Aggregate Consideration valued at $1.41B based on 129,995,464 Eligible Shares.

## SEC filing metadata
- accession: 0001193125-25-083531
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000119312525083531/0001193125-25-083531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000119312525083531/d948507d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-083531
- JSON: https://secwatch.observer/filing/0001193125-25-083531.json
- Plain text: https://secwatch.observer/filing/0001193125-25-083531.txt

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