CCC Intelligent Solutions Holdings Inc. (the "Company") (NASDAQ:CCCS), a leading cloud platform provider for the P&C insurance economy, today announced that its board of directors has approved a new share repurchase authorization to repurchase up to $300 million of the Company's outstanding common stock.
Under the repurchase authorization, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions, or accelerated share repurchases. The repurchase authorization does not obligate the Company to repurchase shares and the specific timing and amount of repurchases may vary based on available capital resources, market conditions, management's discretion, securities law limitations, and other factors. Repurchases, if any, will be funded out of available liquidity and free cash flow.
