Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 235

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 235
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 and therefore not made any adjustments to the pro forma condensed combined financial information related to these potential differences other than the adjustments described in
Note 3 below. Upon completion of the Transactions and management’s comprehensive review, management may identify differences in accounting policies between the two entities which, when conformed, could have a material impact on the consolidated
financial statements of Clearwater following the Transactions.

155

Note 3 Enfusion’s Reclassifications Certain reclassifications are reflected in the pro forma adjustments to conform Enfusion’s presentation to Clearwater’s in the unaudited pro forma condensed combined balance sheet and statement of operations. These reclassifications have no effect on previously reported shareholders’ equity, or income from operations of Clearwater or Enfusion. The pro forma financial information may not reflect all reclassifications necessary to conform Enfusion’s presentation to that of Clearwater due to limitations on the availability of information as of the date of this Proxy Statement/Prospectus. Accounting policy differences and additional reclassification adjustments may be identified as more information becomes available. The following preliminary reclassification adjustments were made to conform Enfusion’s presentation to Clearwater’s presentation:

| a. | Represents the reclassification of Prepaid expenses to Prepaid expenses and other current assets. |

| b. | Represents the reclassification of Other current assets to Prepaid expenses and other current assets. |

| c. | Represents the reclassification of Property, equipment, and software, net to Property and equipment, net. |

| d. | Represents the reclassification of Right-of-use-assets, net to Operating lease right-of-use assets, net. |

| e. | Represents the reclassification of Other assets to Other non-current 
 assets.                                                              |

| f. | Represents the reclassification of long term deferred commissions from Other 
 non-current assets to Deferred contract costs, non-current.                  |

| g. | Represents the reclassification of Notes receivable, net to Long-term investments. |

| h. | Represents the reclassification of current portion of TRA liability from Accrued expenses and other current 
 liabilities to Tax receivable agreement liability.                                                          |

| i. | Represents the reclassification of Current portion of lease liabilities to Operating lease liabilities, current 
 portion.                                                                                                        |

| j. | Represents the reclassification of Lease liabilities, net of current portion to Operating lease liability, less 
 current portion.                                                                                                |

| k. | Represents the reclassification of Total revenues to Revenues. Further revenue disaggregation not required due 
 to insignificance of Managed