other material
confidence high
sentiment neutral
materiality 0.60
Clearwater Analytics selling stockholders offer 17M shares in secondary public offering
Clearwater Analytics Holdings, Inc.
- Selling stockholders (Welsh Carson, Permira, Warburg Pincus) to sell 17,000,000 shares of Class A common stock.
- Company will not receive any proceeds from the offering; it is entirely secondary.
- Underwriting agreement with J.P. Morgan as sole underwriter; offering closes Dec. 5, 2023.
- Offering made under effective shelf registration statement (Form S-3) filed March 2023.
- Customary representations, warranties, and indemnification included in underwriting agreement.