Dragoneer Growth Opportunities Corp. (NYSE:DGNR) shareholders have approved its combination with software provider CCC Information Services at a special meeting held earlier this morning.
The deal was approved with 57,417,344 votes in favor of the transaction and a total of 60,702,991 (70.4%) of Dragoneer’s shares were present at the meeting.
Dragoneer, which raised $690 million at IPO, had a total of 21,009,998 shares redeemed for cash at a price of approximately $10.00 per share, for an aggregate redemption amount of $210,108,964.06, or 30.5%.
The transaction is expected to close on July 30, and the combined entity’s stock and warrants are expected to begin trading on the New York Stock Exchange under the symbols “CCCS” and “CCCS.WS,” respectively, on August 2.
The parties initially announced the $7 billion deal on February 3. Founded in 1980, CCC’s solutions and big data insights are delivered through the CCC ONE platform to a network of 300+ insurance companies, 25,000+ repair facilities, OEMs, hundreds of parts suppliers, and dozens of third-party data and service providers.
For a full list of proposals, and vote tallies, click HERE.
ADVISORS
- Citigroup Global Markets Inc. is acting as lead capital markets advisor to Dragoneer
- Goldman Sachs & Co., LLC and JP Morgan Securities LLC are acting as capital markets advisors to Dragoneer
- Ropes & Gray LLP is acting as legal counsel to Dragoneer
- Evercore Group L.L.C. is acting as financial advisor and capital markets advisor to CCC
- Kirkland & Ellis LLP is acting as legal counsel to CCC and Advent
- Citigroup Global Markets Inc. is acting as lead placement agent and Evercore Group L.L.C. as placement agent on the PIPE
- Citigroup Global Markets Inc., Goldman Sachs & Co., LLC, and J.P. Morgan Securities LLC acted as book-running managers on Dragoneer’s $690 million initial public offering
Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....
Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
CSLM Digital Asset (NASDAQ:KOYNU) has filed for a $200 million IPO to hunt for a crypto transaction with a team that includes veterans from a variety of other SPAC efforts. The new SPAC sports 1/2 warrants in units and will have 24 months to initially close a business combination. It becomes the 16th SPAC that...
At the SPAC of Dawn The past year has seen a string of serial sponsor teams return to market, with some already listing multiple vehicles in a full return to the hunt. One prolific SPAC leader that has been conspicuously absent from this return so far has been Chamath Palihapitiya, who has been a part...