CCC Intelligent Solutions Holdings Inc 8-K, filed May 14, 2024
CCC Intelligent Solutions Holdings Inc. (CCC)
About this 8-K
CCC Intelligent Solutions Holdings Inc filed this 8-K on May 14, 2024, reporting on events of May 9, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of 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 8.01 Other Events.
On May 9, 2024, CCC Intelligent Solutions Holdings Inc. exchanged all of its 17,800,000 private warrants (the “Private Warrants”) for an aggregate of 3,809,200 common shares of the Company, par value $0.0001 per share (“Common Shares”). The holder of the warrants received 0.214 Common Shares for each Private Warrant exchanged (the “Exchange Ratio”).
The Exchange Ratio was determined, in part, by reference to the “Redemption Fair Market Value of Ordinary Shares” table for the public warrants included in the Warrant Agreement between Continental Stock Transfer & Trust Company and Dragoneer Growth Opportunities Corp., dated August 13, 2020, a copy of which is attached as Exhibit 4.1 to the Current Report on Form 8-K filed by the company on August 19, 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CCC Intelligent Solutions Holdings Inc. |
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Date: |
May 14, 2024 |
By: |
/s/ Brian Herb |
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Brian Herb, Executive Vice President, Chief Financial and Administrative Officer |