Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 231

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 231
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| Accrued expenses and other current liabilities |     |               |
| Operating lease liability                      |     |               |
| Deferred tax liabilities                       |     |               |
| Total liabilities                              |     |               |
| Net assets acquired(a)                         |     |               |
| Estimated preliminary purchase                 
 consideration(b)                               |     |               |
| Estimated                                      
 goodwill(b)—(a)                                |     |               |

Note 5 Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet

| a. | Represents the total Merger Consideration of $     million, consisting of (i) cash                                                                                                   
 consideration comprising of (A) $     million, (B) settlement of Enfusion options of $     million, (C) payment of $     million to terminate the TRA, and                           
 (ii) share-based consideration comprising of (A) issuance of approximately      shares of Clearwater Common Stock with an estimated fair value of $     million, and (B) issuance of 
 approximately      million of Assumed RSUs with an estimate fair value of $     million attributable to pre-combination services.                                                    |

| b. | Reflects the adjustment to cash and cash equivalents and Clearwater’s retained earnings to record the 
 estimated costs to be incurred by Clearwater in connection with the Transactions.                     |

| c. | Represents the preliminary estimate of goodwill based on the preliminary purchase price allocation. |

| d. | Represents the adjustment to the estimated fair value of intangible assets acquired in the Transactions. The                                                                                                                                             
 amortization related to these identifiable intangible assets is reflected as a pro forma adjustment in the unaudited pro forma condensed combined statement of income, as further described in Note 6(a). The identifiable intangible assets and related 
 amortization are preliminary and are based on management’s estimates after consideration of similar transactions.                                                                                                                                        |

| e. | Represents elimination of Enfusion’s historical equity balances. |

| f. | Represents the adjustment of the originating deferred tax liabilities resulting from pro forma fair value                                                                                                                                            
 adjustments of the acquired assets and assumed liabilities based on applicable statutory tax rates for the jurisdictions associated with the respective estimated purchase price allocation. The originating net deferred tax liability is primarily 
 related to the