As previously announced, on December 20, 2025, Clearwater Analytics Holdings, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with GT Silver BidCo, Inc., a Delaware corporation ("Parent"), and GT Silver Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which, on the terms and conditions set forth therein and in accordance with the Delaware General Corporation Law (the "DGCL"), Merger Sub will merge with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger").

The closing of the Merger is conditioned upon, among other things, the approval by the Australian Treasurer under the Foreign Acquisitions and Takeovers Act 1975 of Australia, as amended, pursuant to which certain acquisitions by foreign persons of Australian companies, businesses and real property assets, including the Merger, must be notified to the Foreign Investment Review Board ("FIRB") for approval. Approval by the Australian Treasurer pursuant to the FIRB approval process was granted effective June 19, 2026. The Company has now obtained all required regulatory approvals that are conditions to the closing of the Merger. The Merger (the "Proposed Transaction") is expected to close in the second quarter of 2026, subject to the satisfaction or waiver of other customary closing conditions.