CCC Intelligent Solutions Announces Pricing of Secondary Offering of 42 Million Shares of Common Stock, including Concurrent Common Stock Repurchase

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[{"type":"text","content":"CCC Intelligent Solutions Announces Pricing of Secondary Offering of 42 Million Shares of Common Stock, including Concurrent Common Stock Repurchase\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n 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. (the “Selling Stockholders”). The Offering consists of 42 million shares of the Company’s common stock. The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale. The Offering is expected to close on or about March 3, 2025, 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.\n \n\n In connection with the Offering, the Company intends to purchase from the Underwriters 7 million shares of the Company’s common stock as part of the Offering at a price per share equal to the price per share at which the underwriters purchase shares of the Company’s common stock in the Offering (the “Concurrent Repurchase”). The Company intends to fund the Concurrent Repurchase with cash on hand.\n \n\n BofA Securities, Goldman Sachs & Co. LLC, Jefferies and J.P. Morgan Securities 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\n \n www.sec.gov\n \n . Alternatively, copies of the prospectus supplement, once available, and the accompanying base prospectus may be obtained by contacting: B...

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