Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 232

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 232
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 purposes only and is not indicative of the operating results that would have occurred if the Transactions had been completed as of the dates set forth above, nor is it indicative of the future results of Clearwater following the Transactions. In determining the preliminary estimate of fair values of assets acquired and liabilities assumed of Enfusion, Clearwater used publicly available benchmarking information along with other relevant assumptions, including market participant assumptions. Fair value measurements can be highly subjective, and it is possible the application of reasonable judgment could develop different assumptions resulting in a range of alternative estimates using the same facts and circumstances. The purchase price allocation relating to the Transactions is 149

preliminary and subject to change, as additional information becomes available and as additional analysis is performed. There can be no assurance that the final valuations will not result in
material changes to this preliminary purchase price allocation. The unaudited pro forma condensed combined financial information does not give any effect to the potential impact of any anticipated synergies, operating efficiencies or cost savings
that may result from the merger or of any integration costs. The unaudited pro forma condensed combined financial information does not purport to project the future operating results or financial position of Clearwater following the Transactions.

150

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET AS OF DECEMBER 31, 2024 (In thousands, except share and per share amounts)

| Assets                                         
 Current assets:                                |     | Clearwater     
 Analytics      
 Holdings, Inc. 
 (Historical)   |           |     | Enfusion, Inc. 
 (Historical)   |         |     | Reclassification 
 Adjustments      |         |   |     |   |      |     | Transaction 
 accounting  
 adjustments |          |   |     |   |    |     | Financing   
 Adjustments |         |   |     |   |    |     | Pro Forma 
 Combined  |           |
|:-----------------------------------------------|:----|:---------------|----------:|:----|:---------------|--------:|:----|:-----------------|--------:|:--|:----|--:|:-----|:----|:------------|---------:|:--|:----|--:|:---|:----|:------------|--------:|:--|:----|--:|:---|:----|:----------|----------:|
| Cash and cash equivalents                      |     | $              |   177,350 |     | $              |