Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 232

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 232
---
 preliminary purchase price allocation associated with the acquired intangible assets. The estimate of the net originating deferred tax liability is preliminary and is subject to change based upon the final determination of the    
 purchase price allocation by                                                                                                                                                                                                                         |

153

| jurisdiction. Deferred taxes are established based on the expected blended rate on a combined basis that is preliminary and could be different depending on post-acquisition activities, the 
 geographical mix of income and changes in tax law.                                                                                                                                           |

Note 6 Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Statement of Operations

| a. | Represents the adjustment to record amortization expenses related to identifiable intangible assets.                                                                                                                                                      
 Amortization is calculated based on the estimated fair value of each of the identifiable assets and the associated useful life as discussed in Note 5(d) above and is allocated between cost of revenue and operating expenses based on the nature of the 
 intangible assets acquired.                                                                                                                                                                                                                               |

| Amortization is based on the periods over which the economic benefits of the intangible assets are expected to 
 be realized, which are subject to adjustment as additional information becomes available.                      |

| b. | Reflects the estimated costs to be incurred by Clearwater in connection with the Transactions. This is a non-recurring item. |

| c. | Reflects the tax effect of all pro forma adjustments. |

| d. | Represents the pro forma basic and diluted net loss per share attributable to per share of Clearwater Common                                                                                                                                             
 Stock and Clearwater Class D Common Stock (as defined below) calculated using the historical basic weighted average shares of Clearwater Common Stock and Clearwater Class D Common Stock outstanding, adjusted for additional shares of                 
 Clearwater Common Stock to be issued to holders of Enfusion Common Stock and holders of Enfusion equity awards upon completion of the Transactions. All potentially dilutive awards were excluded from the computation of pro forma diluted net loss per 
 share due to their antidilutive effect.                                                                                                                                                                                                                  |

| Shares of Clearwater Class B Common Stock (as defined below) and Clearwater Class C Common Stock as                                                                                                                                                
 defined below) do not participate in the earnings or losses of Clearwater and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Clearwater Class B Common Stock and Clearwater 
 Class C Common Stock under the two-class method has not been presented.                                                                                                                                                                            |

Note 7 Financing Adjustments

| A. | Debt Obligations |

Debt obligations have been adjusted for the following:

| (