Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 228

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 228
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) income taxes                                |     |                |     |                |     |                  |     |             |     |             |     |           |
| Net income (loss)                                                        |     |                |     |                |     |                  |     |             |     |             |     |           |
| Less: Net income (loss) attributable to non-controlling                  
 interests                                                                |     |                |     |                |     |                  |     |             |     |             |     |           |
| Net loss attributable to Clearwater Analytics Holdings, Inc.             |     |                |     |                |     |                  |     |             |     |             |     |           |
| Net loss per share attributable to Class A and Class D common stock:     |     |                |     |                |     |                  |     |             |     |             |     |           |
| Basic                                                                    |     |                |     |                |     |                  |     |             |     |             |     |           |
| Diluted                                                                  |     |                |     |                |     |                  |     |             |     |             |     |           |
| Weighted average shares of Class A and Class D common stock outstanding: |     |                |     |                |     |                  |     |             |     |             |     |           |
| Basic                                                                    |     |                |     |                |     |                  |     |             |     |             |     |           |
| Diluted                                                                  |     |                |     |                |     |                  |     |             |     |             |     |           |

See accompanying notes to unaudited pro forma condensed combined financial information. 150

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

Note 1 Basis of Presentation

The
unaudited pro forma condensed combined financial information is prepared in accordance with Article 11 of Regulation S-X as amended by the final rule, Release
No. 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Businesses.” The historical information of Clearwater and Enfusion is presented in accordance with accounting
principles generally accepted in the United States of America.

The unaudited pro forma condensed combined balance sheet as of
December 31, 2024 is prepared using Clearwater’s and Enfusion’s audited consolidated balance sheets as of December 31, 2024, giving effect to (