Company: CWAN
Filing Date: 2025-12-22
Form Type: DEFA14A
Source: 0000950157-25-001018
Chunk: 1

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-12-22
Form: DEFA14A
Chunk 1
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 this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. Merger Agreement On December 20, 2025, Clearwater Analytics Holdings, Inc., a Delaware corporation, (the “ Company”), entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with GT Silver BidCo, Inc., a Delaware corporation (“ Parent”), and GT Silver Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub”), pursuant to which, on the terms and conditions set forth therein and in accordance with the Delaware General Corporation Law (the “ DGCL”), Merger Sub will merge with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent (the “ Merger”). Consummation of the Merger is subject to the approval of the Company’s stockholders, receipt of certain required regulatory approvals and other customary closing conditions. The Merger Agreement was approved by the board of directors of the Company (the “ Board”) upon the unanimous recommendation of a special committee of the Board comprised solely of independent and disinterested directors (the “ Special Committee”) that was established by the Board to review, evaluate and negotiate the Merger Agreement, as well as consider other strategic alternatives, make a determination as to whether the transactions contemplated by the Merger Agreement (the “ Transactions”) are fair to, advisable and in the best interests of, the Company and its stockholders and make a recommendation to the Board with respect to the Transactions. On the terms and subject to the conditions set forth in the Merger Agreement, each share of Class A common stock, par value $0.001 per share, of the Company (the “ Company Class A Common Stock”) issued and outstanding immediately prior to the effective time of the Merger (the “ Effective Time”) (other than shares of Company Class A Common Stock (i) owned by Parent or Merger Sub, (ii) owned by the Company as treasury shares or (iii) held by any person who properly exercises appraisal rights under the DGCL) shall be converted, at the Effective Time, into the right to receive an amount in cash equal to $24.55 per share, without interest (the “ Merger Consideration”). In addition, on the