Clearwater Analytics Holdings Inc.
Clearwater Analytics Converts All Super-Voting Shares to Single-Vote Shares
Summary
Clearwater Analytics Holdings, Inc. converted all outstanding shares of Class C and D Common Stock, which carried 10 votes per share, into Class B and A Common Stock, each carrying 1 vote per share. This conversion was automatic upon the shareholders owning less than 5% of the total outstanding stock and followed the sale of shares by Welsh Carson Anderson & Stowe, Permira, and Warburg Pincus. The conversion was pursuant to the terms of the company's Amended and Restated Certificate of Incorporation. This action eliminates all outstanding super-voting shares, aligning the company's voting structure with its broader public shareholder base.
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About Clearwater Analytics Holdings Inc.
Clearwater Analytics Holdings Inc. is a software-as-a-service (SaaS) company that specializes in providing web-based investment accounting, reporting, and analytics solutions. Its primary function is to assist clients in managing and automating their investment operations, delivering clear insights into investment portfolios. The company's platform is focused on offering unparalleled transparency, accuracy, and efficiency to institutional investors, asset managers, insurance firms, and corporate treasuries. Clearwater Analytics plays a significant role in the financial technology sector, helping organizations optimize their investment processes through precise data aggregation, reconciliation, and reporting. By integrating technology and financial expertise, Clearwater aids its clients in achieving regulatory compliance and improving financial performance. Established with the vision of transforming the way investment data is managed and analyzed, Clearwater Analytics holds a pivotal position in the market by enhancing operational workflows and decision-making for its users.
Official SEC Documents
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