CCC Intelligent Solutions Announces Pricing of Secondary Offering of 50 Million Shares of Common Stock
28 Mayo 2024 - 8:42PM
Business Wire
CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ:
CCCS) today announced the pricing of the previously announced
secondary offering of the Company’s common stock (the “Offering”)
by affiliates of Advent International, L.P. and Oak Hill Capital
Partners (collectively, the “Selling Stockholders”) at a price to
the public of $11.50 per share. The Offering consists of 50 million
shares of the Company’s common stock. The Offering is expected to
close on or about May 30, 2024, subject to the satisfaction of
customary closing conditions. 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.
J.P. Morgan, Morgan Stanley, BofA Securities and Goldman Sachs
& Co. LLC 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 is
being 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: 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; Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014, by phone: 1-866-718-1649 or
by email: prospectus@morganstanley.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 Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316 or by email Prospectus-ny@ny.email.gs.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
cloud platform for the multi-trillion-dollar P&C insurance
economy, creating intelligent experiences for insurers, repairers,
automakers, part suppliers, and more. The CCC Intelligent
Experience (IX) Cloud, powered by proven AI and an innovative
event-based architecture, connects more than 35,000 businesses to
power customized applications and platforms for optimal outcomes,
and personalized experiences that just work. Through purposeful
innovation and the strength of its connections, CCC technologies
empower the people and industry relied upon to keep 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,
including the expected closing of 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/20240528979707/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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