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CCC Intelligent Solutions Announces Proposed Secondary Offering of 30 Million Shares of Common Stock

1. CCC Intelligent Solutions is offering 30 million shares via Advent International. 2. The company won't receive proceeds from this secondary offering.

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FAQ

Why Bearish?

Secondary offerings generally dilute existing shares, potentially lowering the stock's price.

How important is it?

The significant number of shares offered raises concerns about dilution and investor sentiment.

Why Short Term?

The immediate effect of dilution often impacts prices during the offering period.

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ADPTMSCISNEX
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 30,000,000 shares of the Company's common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”). The Offering consists entirely of shares of the Company's common stock to be sold by the Selling Stockholders, and the Company will not receive any proceeds from the sale of the shares being offered by the Sellin.

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