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Cases & Deals

February 12, 2021

King & Spalding advises Sharecare in its $3.9 billion SPAC merger with Falcon Capital

Sharecare, the digital health company that helps people manage all of their health in one place, and Falcon Capital Acquisition Corp. (“Falcon”) (Nasdaq: FCAC) a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. Upon closing of the transaction, the new company will become Sharecare, Inc. and be listed on NASDAQ under the ticker symbol SHCR; and is expected to have an initial enterprise value of $3.9 billion with approximately $400 million in growth capital on the balance sheet to drive sustained growth, sales force expansion, new digital offerings, and M&A including the completion of the recently announced acquisition.

The King & Spalding team included Rahul Patel, Keith Townsend, Michael Hamilton, John Anderson, Zack Davis, and Shahla Hazratjee.