Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 439

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 439
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water Analytics Holdings, Inc. (“Parent”) and its affiliates) of the outstanding shares of Class A common stock, par value $0.001 per share (the “Shares”), of Enfusion, Inc. (the “Company”) of the Aggregate Consideration (as defined below) to be paid to such holders pursuant to the Agreement and Plan of Merger, dated as of January 10, 2025 (the “Agreement”), by and among the Company, Enfusion Ltd. LLC (the “Operating Company”), Parent, Poseidon Acquirer, Inc., a direct, wholly-owned subsidiary of Parent, Poseidon Merger Sub I, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), and Poseidon Merger Sub II, LLC, an indirect wholly owned subsidiary of Parent (“Merger Sub II”). Pursuant to the Agreement, and on the terms and subject to the conditions set forth in the Agreement, Merger Sub will be merged with and into the Company (the “Merger”) and each outstanding Share (other than any Dissenting Shares (as defined in the Agreement)) will be converted into the right to receive, at the election of the holder thereof, either (i) (x) $5.85 in cash, plus (y) that number of shares of Class A common stock, par value $0.001 per share, of Parent (the “Parent Class A Common Stock”) equal to (a) if the Final Parent Stock Price (as defined in below) is less than or equal to $25.0133, 0.2159; (b) if the Final Parent Stock Price is greater than or equal to $30.5718, 0.1766; and (c) if the Final Parent Stock Price is greater than $25.0133 but less than $30.5718, the quotient obtained by dividing $5.40 by the volume-weighted average sales price per share of Parent Class A Common Stock on the New York Stock Exchange, as calculated by Bloomberg Financial LP under the function “VWAP” over the ten consecutive trading days ending on the second trading day immediately prior to the closing of the Merger as more fully set forth in the Agreement (such volume-weighted average sales price, the “Final Parent Stock Price”) (the aggregate of (x) and (y) together, the “Mixed Consideration”), (ii) a number of shares of Parent Class A Common Stock equal to the Exchange Ratio (as defined in the Agreement)