M&A - CCC Intelligent Solutions Holdings Inc.

Form Type: S-3ASR

Filing Date: 2025-01-14

Corporate Action: Merger

Type: New

Accession Number: 000119312525005495

Filing Summary: CCC Intelligent Solutions Holdings Inc. has filed a registration statement on Form S-3ASR to register the resale of 26,035,603 shares of its common stock by selling stockholders who acquired these shares via a merger agreement dated December 19, 2024. This registration statement is part of a 'shelf' registration process allowing the stockholders to sell their shares from time to time, without any proceeds going to CCC. The document outlines the company's business overview, including its SaaS platform for the P&C insurance sector, stating that CCC has over 35,000 businesses connected on its platform and that their common stock is listed on Nasdaq under the symbol 'CCCS'. The last reported sales price of the common stock was $11.10 per share as of January 10, 2025. It includes cautionary notes regarding forward-looking statements and describes various risk factors associated with investments in their securities.

Form Type: S-3

Filing Date: 2025-01-13

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525005314

Filing Summary: On January 13, 2025, CCC Intelligent Solutions Holdings Inc. filed a registration statement on Form S-3 with the SEC to enable the resale of up to 26,035,603 shares of its common stock by selling stockholders. These shares were acquired via an agreement made in connection with a merger dated December 19, 2024. The document details the company's status as a large accelerated filer and includes various disclosures and risk factors associated with investing in its securities. The company serves as a SaaS platform within the P&C insurance market, emphasizing its extensive network of clients, including over 300 insurers and more than 30,000 repair facilities. It outlines that it will not receive any proceeds from sales made by the selling stockholders. The common stock is traded on Nasdaq under the symbol 'CCCS.'

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525002624

Filing Summary: On January 6, 2025, CCC Intelligent Solutions Holdings Inc. announced the completion of its acquisition of EvolutionIQ Inc. This acquisition was executed under a merger agreement dated December 19, 2024, involving multiple subsidiaries of CCC Intelligent Solutions. The total consideration for the acquisition included approximately $427.9 million in cash and the issuance of 26,035,603 shares of common stock. Notably, 10,356,096 shares issued to EvolutionIQ's management are subject to vesting conditions. The company also plans to file a resale registration statement within five business days of the closing date. Additionally, the filing outlines a significant amendment to their credit agreement, which includes provisions for incremental term loans amounting to $225 million to facilitate the acquisition.

Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000119312524283677

Filing Summary: On December 19, 2024, CCC Intelligent Solutions Holdings Inc. (CCC) entered into a Merger Agreement with EvolutionIQ Inc. and various subsidiaries. The merger involves a two-step process where Merger Sub I will merge with EvolutionIQ, allowing EvolutionIQ to continue as a wholly owned subsidiary. This is followed by a second merger with Merger Sub II. The merger consideration totals $730 million, disbursed approximately 59.5% in cash and 40.5% in stock, subject to certain adjustments. The closing of this merger is contingent upon customary closing conditions, including legal approvals and shareholder consent, which have been met. The agreement includes customary representations, warranties, and outlines termination rights. Additionally, press releases related to this merger and a recently authorized share repurchase program were issued on December 20, 2024.