Brief: Falcon Capital Expects Co To Have An Initial Enterprise Value Of $3.9 Billion

Sharecare

12/02/2021 11:16

Feb 12 (Reuters) - Falcon Capital Acquisition Corp  FCAC.O :
    * SHARECARE AND FALCON CAPITAL ACQUISITION CORP. REACH
AGREEMENT
TO COMBINE, CREATING PUBLICLY TRADED DIGITAL HEALTH COMPANY
    * FALCON CAPITAL ACQUISITION CORP - NEW CO EXPECTED TO HAVE
AN
INITIAL ENTERPRISE VALUE OF $3.9 BILLION WITH ABOUT $400 MILLION
IN GROWTH CAPITAL ON BALANCE SHEET
    * FALCON CAPITAL ACQUISITION CORP - UPON CLOSING OF
TRANSACTION,
NEW CO WILL BECOME SHARECARE, INC. AND BE LISTED ON NASDAQ UNDER
TICKER SYMBOL SHCR
    * FALCON CAPITAL ACQUISITION CORP - JEFF ARNOLD, WILL LEAD
NEW CO 
AS CEO AND CHAIRMAN
    * FALCON - INVESTORS, LED BY KOCH STRATEGIC PLATFORMS, BARON
CAPITAL GROUP, ELDRIDGE, WOODLINE PARTNERS LP, DIGITAL ALPHA,
COMMITTED $425M IN A PIPE
    * FALCON CAPITAL ACQUISITION CORP - ANTHEM, INC. WILL MAKE A
DIRECT INVESTMENT IN SHARECARE
    * FALCON - TRANSACTION IS EXPECTED TO BE FUNDED THROUGH A
COMBINATION OF FALCON'S $345 MILLION OF CASH IN TRUST, PIPE,
ANTHEM INVESTMENT
    * FALCON CAPITAL ACQUISITION CORP - CO EXPECTED TO OWN
APPROXIMATELY 20% OF NEW COMPANY INCLUSIVE OF PIPE INVESTORS
    * FALCON CAPITAL ACQUISITION CORP - CO'S ALAN MNUCHIN ALONG
WITH
JEFF SAGANSKY, AN INDEPENDENT DIRECTOR ON CO'S BOARD, WILL JOIN
SHARECARE'S BOARD

Source text for Eikon:  ID:nPn3s1pfGa 
Further company coverage:  FCAC.O 

 ((Reuters.Briefs@thomsonreuters.com;))