Churchill Capital CCC.U = 1C + 1/2W
Done Clarivate CCC
Warrant - 1 + $11.50. Call 18.
Trust $10.00 - $690,000,00 in a U.S.-based trust account at J.P. Morgan Chase Bank,
69,000,000 shares after overalotment.
Closed 9/11/18. Deadline 24 months.
Citigroup - B Riley FBR
Sponsor, Churchill Sponsor LLC, is an affiliate of M. Klein and Company
We believe that there are significant, attractive investment opportunities that exist in the information services segment of and across the technology services and software industry. We define this industry as a combination of three of International Data Corporation’s (“IDC”) worldwide markets: services, software and organizational data as a service; and the information services segment overlaps each of these. Within this segment, we intend to target opportunities in the predictive analytics and data market, which represents a total addressable market of approximately $153 billion in 2018, expected to grow at a 12.3% compound annual growth rate from 2018 through 2021. We define predictive analytics and data markets as the aggregate of three of IDC’s markets: worldwide business analytics services, worldwide big data and analytics software and worldwide organizational data as a service; these three IDC markets fit within the broader technology services and software industry. Growth in predictive analytics and data markets is driven by a number of factors, including the application of digital and transformational business analytics services, software and information — such as advanced analytics, cognitive computing and big data.
The funds in the trust account will be invested only in U.S. government treasury bills with a maturity of 180 days or less or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act of 1940 and that invest only in direct U.S. government obligations.