CCC Intelligent Solutions Holdings Inc. Announces Secondary Offering of Common Stock by Selling Stockholders
April 06 2022 - 4:54PM
Business Wire
CCC Intelligent Solutions Holdings Inc. (the “Company”) (NYSE:
CCCS) today announced the commencement of an underwritten public
offering of 20,000,000 shares of the Company’s common stock (the
“Offering”) by existing stockholders of the Company (the “Selling
Stockholders”). The Selling Stockholders intend to grant the
underwriters a 30-day option to purchase up to an additional
3,000,000 shares of the Company’s common stock. The Offering
consists entirely of shares of 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.
Morgan Stanley and Citigroup are acting as joint book-running
managers for the Offering.
The Company has filed a registration statement on Form S-1
(Registration No. 333-259142) (including a base prospectus), which
has been declared effective by the Securities and Exchange
Commission (“SEC”). The Company has also filed a preliminary
prospectus supplement with the SEC for the Offering. The Offering
will be made only by means of a prospectus supplement and an
accompanying prospectus. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
copies of the preliminary prospectus supplement and accompanying
prospectus, as well as copies of the final prospectus supplement
once available, may be obtained by contacting: Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014, by telephone: (866) 718-1649, or
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).
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
CCC Intelligent Solutions
Holdings Inc. (NYSE: 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 30,000 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,
competition, including technological advances and new products
marketed by competitors; the execution of our growth strategy; the
health of our industry, claim volumes and market conditions;
changes to applicable laws and regulations and other risks and
uncertainties, including those included under the header “Risk
Factors” in our Form 10-K filed with the SEC on March 1, 2022,
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/20220406006040/en/
INVESTOR Brian Denyeau ICR, LLC IR@cccis.com 646.277.1251
MEDIA Michelle Hellyar Director Public Relations, CCC
Intelligent Solutions Inc. mhellyar@cccis.com 773.791.3675
CCC Intelligent Solutions (NYSE:CCCS)
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