CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS) declared the pricing of the earlier confirmed underwritten public offering of 20,000,000 shares of the Company’s common stock by current stockholders of the Company (the Selling Stockholders), at a price to the public of $9.70 per share.
The underwriters have a 30-day option to buy up to 3,000,000 additional shares of the Company’s common stock from the Selling Stockholders. The Company will not earn any profits from the Offering, including any exercise by the underwriters of their option to buy additional shares of the Company’s common stock.
Furthermore, the Securities and Exchange Commission has declared valid the Company’s registration statement on Form S-1 which includes a basic prospectus. For the Offering, the Company has also submitted a preliminary accompanying prospectus with the Securities and Exchange Commission.
The Offering’s joint book-running managers are Morgan Stanley, Citigroup, Barclays, Goldman Sachs & Co. LLC, BofA Securities, Evercore ISI, Piper Sandler, William Blair, and Wolfe Nomura Alliance. As co-managers, Barrington Research and CJS Securities are involved. The company has confirmed that the offering is likely to complete on or about April 11, 2022. The execution is contingent upon the fulfillment of usual closing conditions.