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CCC Intelligent Solutions Announces Proposed Secondary Offering of 20 Million Shares of Common Stock

Retrieved on:

Thursday, April 4, 2024

Professional Services, IOT (Internet of Things), Technology, Insurance, Networks, Artificial Intelligence, Oak Hill Capital Partners, Offering, Form, Telephone, CCCS, EDGAR, Sale, Security (finance), Advent International, CCC

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).

Key Points:

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).
The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale.
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 Selling Stockholders.
The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus.

New Jersey School Districts Select HeyTutor for High-Impact, In-Person Tutoring to Counter Pandemic Learning Loss

Retrieved on:

Monday, March 18, 2024

HeyTutor, one of the largest in-person tutoring companies in the United States, announces it has been selected by several New Jersey school districts to provide high-impact, in-person tutoring services to counter pandemic learning loss.

Key Points:

HeyTutor, one of the largest in-person tutoring companies in the United States, announces it has been selected by several New Jersey school districts to provide high-impact, in-person tutoring services to counter pandemic learning loss.
“We are delighted to begin working with New Jersey school teachers and administrators to get student learning back on track,” said HeyTutor CEO Jennifer Sheffield.
“At HeyTutor, we believe that students are best served by face-to-face, in-person tutoring alongside teacher-led classroom instruction.
The New Jersey Learning Acceleration Program: High-Impact Tutoring Grant was designed to support districts to provide high-dosage (at least three times per week), intensive tutoring for students who have been disproportionately affected by the pandemic.

CCC Intelligent Solutions Announces Proposed Secondary Offering of 40 Million Shares of Common Stock

Retrieved on:

Thursday, February 29, 2024

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 40 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).

Key Points:

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 40 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).
The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of the Company’s common stock.
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 Selling Stockholders.
Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are acting as joint book running managers for the Offering.

CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 43 Million Shares of Common Stock

Retrieved on:

Friday, March 1, 2024

The Offering consists of 43 million shares of the Company’s common stock, upsized from the previously announced size of 40 million shares.

Key Points:

The Offering consists of 43 million shares of the Company’s common stock, upsized from the previously announced size of 40 million shares.
The Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 6.45 million shares of the Company’s common stock.
The Offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are acting as joint book running managers for the Offering.

YuJa, Inc. Announces Systemwide Award with Colorado Community College System to License the YuJa Panorama Digital Accessibility Platform

Retrieved on:

Monday, January 8, 2024

After a rigorous Request for Proposal (RFP) process, the Colorado Community College System (CCCS) has selected the YuJa Panorama Digital Accessibility Platform to provide a more robust, streamlined approach to delivering accessible, engaging learning experiences to students.

Key Points:

After a rigorous Request for Proposal (RFP) process, the Colorado Community College System (CCCS) has selected the YuJa Panorama Digital Accessibility Platform to provide a more robust, streamlined approach to delivering accessible, engaging learning experiences to students.
The Platform will be used in addition to the YuJa Enterprise Video Platform, which will combine to create an all-in-one accessible media creation and accessibility solution.
YuJa Panorama is one product in YuJa’s suite of high-impact media solutions that provides a comprehensive, streamlined approach to delivering accessibility across an institution’s digital footprint.
We’ve worked with CCCS over the past several years, and we’re excited for each of its institutions to experience the tools YuJa Panorama offers.”
Colleges in the Colorado Community College System include: Arapahoe Community College, Community College of Aurora, Community College of Denver, Colorado Northwestern Community College, Front Range Community College, Lamar Community College, Morgan Community College, Northeastern Junior College, Otero College, Pueblo Community College, Pikes Peak State College, Red Rocks Community College, and Trinidad State College.

CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 22 Million Shares of Common Stock

Retrieved on:

Thursday, January 4, 2024

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”).

Key Points:

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”).
The Offering consists of 22 million shares of the Company’s common stock, upsized from the previously announced 20 million shares.
The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale.
The Offering is expected to close on or about January 8, 2024, subject to the satisfaction of customary closing conditions.

CCC Intelligent Solutions Announces Proposed Secondary Offering of 20 Million Shares of Common Stock

Retrieved on:

Wednesday, January 3, 2024

Software, Technology, Artificial Intelligence, Telephone, CCCS, Sale, EDGAR, Form, Advent International, Citigroup, Barclays, Broadridge Financial Solutions, Security (finance), CCC, Offering

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”).

Key Points:

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”).
The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale.
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 Selling Stockholders.
J.P. Morgan, Barclays and Citigroup are acting as joint book running managers for the Offering.

Cyclyx Reaches Investment Milestone for its First Circularity Center

Retrieved on:

Thursday, December 7, 2023

LyondellBasell, Plastic, CCC, FID, ISCC, ExxonMobil, Food packaging, CCCS, Operation, Recycling

PORTSMOUTH, N.H., Dec. 7, 2023 /PRNewswire/ -- Cyclyx International , a joint venture among Agilyx , ExxonMobil, and LyondellBasell , announces a final investment decision (FID) to build the first Cyclyx Circularity Center (CCC).

Key Points:

PORTSMOUTH, N.H., Dec. 7, 2023 /PRNewswire/ -- Cyclyx International , a joint venture among Agilyx , ExxonMobil, and LyondellBasell , announces a final investment decision (FID) to build the first Cyclyx Circularity Center (CCC).
"This milestone is evidence of the real progress we are making to increase the circularity of plastic waste as a resource," said Joe Vaillancourt, CEO of Cyclyx.
Cyclyx is sourcing a combination of post-consumer, commercial, and industrial plastic waste of all kinds for the CCC.
This comprises the Cyclyx feedstock database, which has been developed over 20 years, beginning at one of its founding companies, Agilyx.

KoolSpan Earns FIPS 140-2 Certification From The National Institute of Standards and Technology (NIST) for Deployments in U.S. Federal Government and Regulated Industries

Retrieved on:

Wednesday, November 15, 2023

BETHESDA, Md., Nov. 15, 2023 /PRNewswire-PRWeb/ -- KoolSpan, the leading global provider of enterprise communications security solutions, today announced the achievement of Federal Information Processing Standard (FIPS) 140-2 certification for its secure communications cryptographic module TrustCall™, which is software-based and compatible with all commercial smartphones, desktops, and laptops. This certification reinforces KoolSpan's commitment to delivering the highest level of security for enterprise communications.

Key Points:

KoolSpan is excited to attain FIPS 140-2 certification for the core cryptographic module used in our software solutions.
"KoolSpan is excited to attain FIPS 140-2 certification for the core cryptographic module used in our software solutions," said KoolSpan Chief Operating Officer Alessandro Ossoli.
This also positions us for the next certification phase, FIPS 140-3, which is in our roadmap."
KoolSpan achieved accelerated certification by taking advantage of one of SafeLogic's FIPS 140 validated CryptoComply modules along with the company's RapidCert program.

CCC Intelligent Solutions Announces Pricing of Secondary Offering of 65 Million Shares of Common Stock, Including Concurrent Common Stock Repurchase

Retrieved on:

Thursday, November 9, 2023

The Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 4,875,000 shares of the Company’s common stock.

Key Points:

The Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 4,875,000 shares of the Company’s common stock.
The Offering is expected to close on or about November 13, 2023, subject to the satisfaction of customary closing conditions.
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 Selling Stockholders.
In connection with the Offering, the Company intends to purchase from the Underwriters 32.5 million shares of the Company’s common stock as part of the Offering at a price per share equal to the price per share at which the underwriters purchase shares of the Company’s common stock in the Offering (the “Concurrent Repurchase”).