Benzinga | Jun 29, 2021 04:54PM EDT

Falcon Capital Shareholders Approve Business Combination With Sharecare

Falcon Capital Acquisition Corp., a Delaware corporation (the "Company") (NASDAQ:FCACU, FCAC, FCACW))))), announced today that the Company's shareholders have voted to approve all of the proposals related to the proposed business combination (the "Business Combination") with Sharecare, Inc. ("Sharecare"). The Company's Board of Directors had previously approved the Business Combination and recommended that its shareholders vote in favor of it and all of the proposals relating to the Business Combination.

More than 97% of the votes cast at the Special Meeting were in favor of the approval of the Business Combination. Falcon shareholders also voted overwhelmingly to approve the other proposals at the Special Meeting.

The additional proposals approved by the Company's Shareholders include: (i) amend and restate the amended and restated certificate of incorporation of the Company to, among other things, include a certificate of designations for the Series A Preferred Stock, change the Company's name to Sharecare, Inc. and increase the Company's authorized number of shares to 615,000,000; (ii) issue certain securities in connection with the Business Combination as required by Nasdaq listing rules; and (iii) approve the Company's 2021 Omnibus Incentive Plan.

The Business Combination is expected to close on or about Thursday, July 1, 2021. The combined and renamed company expects that its Class A common stock and public warrants will commence trading on the Nasdaq Capital Market under the new trading symbols "SHCR" and "SHCRW", respectively, starting on or about Friday, July 2, 2021.