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Business Combination (Tables)
12 Months Ended
Dec. 31, 2023
Business Combinations [Abstract]  
Summary of Number of Shares of Common Stock Outstanding Immediately Following the Closing

The total number of shares of the Company’s common stock outstanding immediately following the Closing was 603,170,380, comprised as follows:

 

Shares issued to Dragoneer public shareholders and Sponsor

 

56,615,002

 

Sponsor Vesting Shares

 

8,625,000

 

Shares issued to Legacy CCC shareholders

 

505,430,378

 

Shares issued to Forward Purchasers

 

17,500,000

 

Shares issued to PIPE Investors

 

15,000,000

 

Total shares of common stock outstanding immediately following the Business
   Combination

 

603,170,380

 

Scheduel of Reconciliation of Elements of Business Combination to Cash Flows and Mezzanine and Stockholders Equity

The following table reconciles the elements of the Business Combination to the consolidated statement of cash flows and the consolidated statement of mezzanine equity and stockholders’ equity for the year ended December 31, 2021 (in thousands).

 

Cash - Dragoneer trust and cash

$

449,441

 

Cash - PIPE Financing

 

150,000

 

Cash - Forward Purchase Agreements

 

175,000

 

Less: transaction costs and advisory fees

 

(11,141

)

Net cash contributions from Business Combination

 

763,300

 

Less: non-cash fair value of Public Warrants and Private Warrants

 

(58,459

)

Net equity infusion from Business Combination

$

704,841