Certain Common Stock of CCC Intelligent Solutions Holdings Inc. are subject to a Lock-Up Agreement Ending on 3-FEB-2024.
February 02, 2024
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Certain Common Stock of CCC Intelligent Solutions Holdings Inc. are subject to a Lock-Up Agreement Ending on 3-FEB-2024. These Common Stock will be under lockup for 31 days starting from 3-JAN-2024 to 3-FEB-2024.
Details:
The Company's directors, officers and the selling stockholders have agreed that they may not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock without the prior written consent of two out of three of J.P. Morgan Securities LLC, Barclays Capital Inc. and Citigroup Global Markets Inc during the period ending 30 days after the date of this prospectus supplement.
CCC Intelligent Solutions Holdings Inc. provides software as a service (SaaS) platform for the property and casualty (P&C) insurance economy. The Company's cloud-based SaaS platform connects trading partners, facilitates commerce, and supports artificial intelligence (AI) enabled digital workflows. The Company's solutions include CCC Insurance Solutions, CCC Repair Solutions, CCC Ecosystem and Other Solutions, and CCC International Solutions. Its insurance solutions include CCC Workflow, CCC Estimating, CCC Total Loss, CCC Casualty, CCC Subrogation and CCC Claim Handling. The Company's repair solutions include CCC Estimating, CCC Network Management, CCC Repair Workflow and CCC Repair Quality. It offers enterprise solutions that support multiple customer segments, along with specific solutions tailored to other segments of the insurance ecosystem, including parts suppliers and automotive manufacturers. It provides insurance claims software to some of the automotive insurers in China.