CCC Intelligent Solutions Announces Proposed Secondary Offering of 40 Million Shares of Common Stock
29 Febrero 2024 - 3:40PM
Business Wire
CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ:
CCCS) today announced the proposed secondary offering of 40 million
shares of the Company’s common stock (the “Offering”) by affiliates
of Advent International, L.P. and Oak Hill Capital Partners
(collectively, the “Selling Stockholders”). The Selling
Stockholders intend to grant the underwriters a 30-day option to
purchase up to an additional 6 million shares of the Company’s
common stock. The Offering consists entirely of shares of the
Company’s common stock to be sold by the Selling Stockholders, and
the Company will not receive any proceeds from the sale of the
shares being offered by the Selling Stockholders.
Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are
acting as joint book running managers for the Offering. The
Offering is being made pursuant to an effective shelf registration
statement on Form S-3 (Registration No. 333-267793), which has been
filed with the Securities and Exchange Commission (“SEC”) and
became effective on October 14, 2022. The Offering will be made
only by means of a prospectus supplement and the accompanying base
prospectus. You may get these documents for free, including the
prospectus supplement, once available, by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies of the prospectus
supplement, once available, and the accompanying base prospectus
may be obtained by contacting: Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com; BofA Securities, NC1-022-02-25, 201
North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus
Department, Email: dg.prospectus_requests@bofa.com or J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, by mail at 1155
Long Island Avenue, Edgewood, New York 11717, by telephone: (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
ABOUT CCC INTELLIGENT SOLUTIONS
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC
Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading
SaaS platform for the multi-trillion-dollar P&C insurance
economy powering operations for insurers, repairers, automakers,
part suppliers, lenders, and more. CCC cloud technology connects
more than 35,000 businesses digitizing mission-critical workflows,
commerce, and customer experiences. A trusted leader in AI, IoT,
customer experience, network and workflow management, CCC delivers
innovations that keep people’s lives moving forward when it matters
most.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Forward-looking statements in this press release
include, but are not limited to, statements regarding the Offering.
Such differences may be material. We cannot assure you that the
forward-looking statements in this press release will prove to be
accurate. These forward-looking statements are subject to a number
of risks and uncertainties, including, among others, closing of the
Offering on the anticipated terms or at all; market conditions; and
the satisfaction of customary closing conditions related to the
Offering; and other risks and uncertainties, including those
included under the header “Risk Factors” in our Form 10-K filed
with the SEC on February 28, 2024, which can be obtained, without
charge, at the SEC’s website (www.sec.gov). The forward-looking
statements in this press release represent our views as of the date
of this press release. We anticipate that subsequent events and
developments will cause our views to change. However, while we may
elect to update these forward-looking statements at some point in
the future, we have no current intention of doing so except to the
extent required by applicable law. You should, therefore, not rely
on these forward-looking statements as representing our views as of
any date subsequent to the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240229995478/en/
INVESTOR CONTACT Bill Warmington VP, Investor Relations,
CCC Intelligent Solutions Inc. IR@cccis.com 312-229-2355 MEDIA
CONTACT Michelle Hellyar Senior Director, Public Relations, CCC
Intelligent Solutions Inc. mhellyar@cccis.com 773-791-3675
CCC Intelligent Solutions (NASDAQ:CCCS)
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