CCC Intelligent Solutions Files Routine 8-K on Jan 3 Event

TL;DR

**Routine 8-K filed by CCCS, no major news.**

AI Summary

CCC Intelligent Solutions Holdings Inc. filed an 8-K on January 8, 2024, reporting an event that occurred on January 3, 2024. This filing is a routine 'Other Events' disclosure, indicating no major financial or operational changes. For investors, this means there's no immediate new information that would significantly impact the stock price, suggesting business as usual for CCCS.

Why It Matters

This filing is a standard disclosure, indicating no significant new developments that would immediately affect the company's valuation or future prospects.

Risk Assessment

Risk Level: low — This 8-K is a standard 'Other Events' filing with no specific details indicating new risks or opportunities.

Analyst Insight

Investors should view this as a routine administrative filing and not expect any immediate market reaction. It's a non-event in terms of new financial or operational disclosures.

Key Numbers

• $0.0001 — par value per share (the nominal value of each common stock share)

Key Players & Entities

• CCC Intelligent Solutions Holdings Inc. (company) — the registrant filing the 8-K
• The Nasdaq Stock Market LLC (company) — the exchange where CCCS common stock is registered
• Delaware (company) — state of incorporation for CCC Intelligent Solutions Holdings Inc.

Forward-Looking Statements

• The filing will not cause significant stock price movement for CCCS. (CCCS) — high confidence, target: 2024-01-09

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share CCCS The Nasdaq Stock Mar
• $230.3 million — e Selling Stockholders of approximately $230.3 million. The Offering closed on January 8, 20

Filing Documents

• d656846d8k.htm (8-K) — 27KB
• d656846dex11.htm (EX-1.1) — 182KB
• 0001193125-24-004451.txt ( ) — 373KB
• cccs-20240103.xsd (EX-101.SCH) — 3KB
• cccs-20240103_lab.xml (EX-101.LAB) — 18KB
• cccs-20240103_pre.xml (EX-101.PRE) — 11KB
• d656846d8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. On January 3, 2024, CCC Intelligent Solutions Holdings Inc. (the "Company") and affiliates of Advent International, L.P. (the "Selling Stockholders") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. (the "Underwriters") relating to the offer and sale (the "Offering") of 22,000,000 shares of the Company's common stock, par value $0.0001 per share ("Common Stock"), by the Selling Stockholders resulting in total gross proceeds to the Selling Stockholders of approximately $230.3 million. The Offering closed on January 8, 2024. All of the shares of Common Stock were sold by the Selling Stockholders, and the Company did not receive any proceeds from the sale of such shares. The Underwriting Agreement contains customary representations and warranties. It also provides for customary indemnification by each of the Company, the Selling Stockholders and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities. The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the copy of the Underwriting Agreement, which is filed herewith as Exhibit 1.1 and incorporated into this Item 8.01 by reference. The Underwriting Agreement and the above descriptions have been included to provide investors and security holders with information regarding the terms of the Underwriting Agreement. They are not intended to provide any other factual information about the Company or its subsidiaries or affiliates or equity holders. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of that agreement and as of specific dates, were solely for the benefit of the parties to the Underwriting Agreement and may be subject to limitations agreed upon by the parties, including being qualifi

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated as of January 3, 2024, by and among CCC Intelligent Solutions Holdings Inc., the Selling Stockholders named in Schedule I thereto and J.P. Morgan Securities LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CCC INTELLIGENT SOLUTIONS HOLDINGS INC. Date: January 8, 2024 By: /s/ Brian Herb Name: Brian Herb Title: Executive Vice President, Chief Financial and Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR