CCC Intelligent Solutions (CCCS) - 2023 Q2 - Quarterly Report

The estimated fair value of each Private Warrant using the Company's stock price on the valuation date and above assumptions was $3.12 and $2.05 as of June 30, 2023 and December 31, 2022, respectively. Contingent Consideration Liability—The contingent consideration liability related to the acquisition of Safekeep (see Note 3), recognized within other liabilities on the condensed consolidated balance sheet, is adjusted each reporting period for changes in fair value, which can result from changes in anticipa ...