Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 234

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 234
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The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 is prepared using
Clearwater’s and Enfusion’s audited consolidated statements of operations for the year ended December 31, 2024. The unaudited pro forma condensed combined statement of operations give effect to (i) the merger as if it had been
completed on January 1, 2024, and (ii) the assumptions and adjustments described in the accompanying notes to the unaudited pro forma condensed combined financial information.

The unaudited pro forma condensed combined financial information is prepared using the acquisition method of accounting in accordance with the
business combination accounting guidance as provided in ASC 805, with Clearwater treated as the accounting acquirer for the Transactions.

The unaudited pro forma condensed combined financial information is provided for informational purposes only and may not be indicative of the
operating results that would have occurred if the Transactions have 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 as well as a variety of other 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 pro forma purchase price allocation relating to the
Transactions is preliminary and subject to change, as additional information becomes available and as additional analyses are performed. There can be no assurances that the final valuations will not result in material changes to this pro forma
preliminary purchase price allocation. The unaudited pro forma condensed combined financial information does not give effect to the potential impact of any anticipated synergies, operating efficiencies or cost savings that may result from the
Transactions 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.

Note 2 Significant Accounting Policies

The accounting policies used in the preparation of the unaudited pro forma condensed combined financial information are those set out in
Clearwater’s audited financial statements as of and for the year ended December 31, 2024. Upon completion of the Transactions, management will perform a comprehensive review of the accounting policies between the two entities. Management
is currently not aware of any significant accounting policy differences