Company: CWAN
Filing Date: 2025-03-06
Form Type: S-4/A
Source: 0001193125-25-048570
Chunk: 194

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-06
Form: S-4/A
Chunk 194
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 perfect, effectively withdraws or validly waives or loses its right to appraisal under Section 262 of the DGCL or if a court of competent jurisdiction determines that such Dissenting Holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Enfusion Common Stock will be treated as if they had been converted as of the Effective Time into the right to receive cash in accordance with the Merger Agreement. For more information regarding appraisal rights, see the section titled “Appraisal Rights of Enfusion Stockholders.” Election Procedures Each holder of Eligible Shares to be converted into the right to receive the Merger Consideration may specify in a request made in accordance with the procedures described in this “Election Procedures” section (a) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive a mix of cash and shares of Clearwater Common Stock, (b) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive shares of Clearwater Common Stock, (c) the number of Eligible Shares owned by such holder with respect to which such holder desires to receive cash and (d) that such holder makes no election with respect to such holder’s Eligible Shares. Any such request is referred to in this Proxy Statement/Prospectus as an “ Election.” Two or more holders of Eligible Shares will be entitled to make a Joint Election, and the Exchange Agent will treat such Joint Election as if it had been made by a single holder of Eligible Shares. Holders of Eligible Shares that deliver an Election Form to the Exchange Agent prior to the Election Deadline may deliver a Joint Election with another Joint Elector to the Exchange Agent at any time after the Election Deadline but not less than five (5) business days before the Effective Time and instruct the Exchange Agent, after giving effect to the allocation process contemplated by the Merger Agreement, with respect to the allocation among such Joint Electors of the Merger Consideration payable to such Joint Electors. The Merger Agreement provides that Clearwater will direct the Exchange Agent to mail the Election Form as to permit holders of Eligible Shares to exercise their right to make an Election. Any Election will have been made properly only if the Exchange Agent will have received at its designated office, by 5:00 p.m. Eastern time on the Election Deadline, an Election Form properly completed and signed and accompanied by any Stock Certificates to which such Election Form relates, duly endorsed in blank or otherwise in