Falcon Capital Acquisition Corp. (NASDAQ:FCAC) announced in a press release as well as in an 8-K filing today that its shareholders approved its combination with digital healthcare firm Sharecare at a special meeting held today.
The press release and 8-K did not mention redemptions, but noted that more than 97% of the votes cast, or 32,080,366 votes, at the meeting were in favor of the approval of the business combination. Investors reacted well to the news as FCAC rose 6.70% in post-market trading following the announcement.
Falcon shareholders also voted overwhelmingly to approve the other proposals which included to amend and restate the amended and restated certificate of incorporation to include a certificate of designations for the Series A Preferred Stock, change the name to Sharecare, Inc. and increase the authorized number of shares to 615,000,000. Additionally, shareholders approved the proposal to issue certain securities and the new incentive plan.
The transaction is expected to close on Thursday, July 1 and the combined company’s stock and warrants will start trading on the Nasdaq under the new symbols “SHCR” and “SHCRW”, respectively, on Friday, July 2.
Falcon Capital announced the $3.9 billion deal with Sharecare on February 12. Sharecare provides a patient-communication and digital health platform to insurers and healthcare providers.
For a full list of proposals and vote tallies, click HERE.
ADVISORS
- Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as financial advisors to Sharecare
- King & Spalding LLP acted as legal counsel to Sharecare
- Goldman Sachs Group acted as financial advisor to Falcon Capital Acquisition Corp
- White & Case LLP acted as legal counsel to Falcon Capital Acquisition Corp
- Goldman Sachs and J.P. Morgan Securities LLC acted as joint placement agents in connection with the PIPE offering
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...