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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , DC 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 . For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 . For the transition period from to Commission file number 001-38825 Delaware ( State or Other Jurisdiction of Incorporation or Organization ) Crescent Acquisition Corp ( Exact Name of Registrant as Specified in Its Charter ) ( 310 ) 235-5900 ( Registrant's telephone number , including area code ) Not applicable ( Former name , former address and former fiscal year , if changed since last report ) 11100 Santa Monica Blvd. , Suite 2000 , Los Angeles , CA 90025 ( Address of principal executive offices ) ( Zip Code ) Title of each class Units , each consisting of one share of Class A common stock and one - half of one redeemable Warrant Securities registered pursuant to Section 12 ( b ) of the Act : Trading symbol Class A common stock , $ 0.0001 par value per share Redeemable Warrants , each whole Warrant exercisable for one share of Class A common stock at an exercise price of $ 11.50 82-3447941 ( I.R.S. Employer Identification No. ) 0 CRSAU CRSA 冈 Name of each exchange on which registered The NASDAQ Stock Market LLC The NASDAQ Stock Market LLC CRSAW No Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the Registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Act . Yes No Indicate by check mark whether the Registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the Registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No The NASDAQ Stock Market LLC Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - Accelerated filer Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . □ No □ Indicate by check mark whether the Registrant is a shell company ( as defined in Rule 12b - 2 of the Securities Exchange Act of 1934 ) . Yes The aggregate market value of the common stock held by non - affiliates of the registrant , computed as of June 30 , 2020 ( the last business day of the registrant's most recently completed second fiscal quarter ) was approximately $ 261,500,000 . Accelerated filer Smaller reporting company ☐ X As of March 2 , 2021 , the registrant had 25,000,000 of its Class A common stock , $ 0.0001 par value per share , and 6,250,000 of its Class F common stock , $ 0.0001 par value per share , outstanding .