Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 15

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 15
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 to $25.0133, then the Per Share Parent Stock Amount shall be deemed to be 0.2159 and (y) if the Final Parent Stock Price is greater than or equal to $30.5718, then the Per Share Parent Stock Amount shall be deemed to be 0.1766. The “ Aggregate Consideration Per Share” will be determined by dividing the Aggregate Consideration by the total number of Eligible Shares. The “ Aggregate Consideration” will be determined as the sum of (i) a number of shares of Clearwater Common Stock equal to the product of (x) the Per Share Parent Stock Amount multiplied by (y) the total number of Eligible Shares multiplied by (z) the Final Parent Stock Price and (ii) the product of $5.85 multiplied by the total number of Eligible Shares. The “ Exchange Ratio” will be determined by dividing the Aggregate Consideration Per Share by the Final Parent Stock Price. Accordingly, if the Final Parent Stock Price were between $25.0133 and $30.5718, the implied value of the Aggregate Consideration Per Share would be $11.25; if the Final Parent Stock Price were greater than $30.5718, the implied value of the Aggregate Consideration Per Share would be greater than $11.25; and if the Final Parent Stock Price were less than $25.0133, the implied value of the Aggregate Consideration Per Share would be less than $11.25. The Final Parent Stock Price and the actual value of the Per Share Mixed Consideration, the Per Share Stock Consideration and the Per Share Cash Consideration will depend on the trading price of Clearwater Common Stock, which is subject to fluctuation, including during the period until the Closing Date. For additional information regarding the consideration to be received in the Transactions, see the section titled “The Transactions—Merger Consideration.”

| Q: | What happens if I am eligible to receive a fraction of a share of Clearwater Common Stock as part of the Per 
 Share Mixed Consideration or Per Share Stock Consideration?                                                  |

| A: | If the aggregate number of shares of Clearwater Common Stock that you are entitled to receive as part of the                                                                                                                 
 Per Share Mixed Consideration or Per Share Stock Consideration would otherwise include a fraction of a share of Clearwater Common Stock, you will receive cash in lieu of that fractional share. See the section titled “The 
 Transactions—Exchange of Shares; Elections as to Form of Consideration