secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001193125-25-083531
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000119312525083531/0001193125-25-083531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000119312525083531/d948507d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-083531

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