NEW YORK, Sept. 24, 2020 /PRNewswire/ -- Falcon
Capital Acquisition Corp. (the "Company") announced today that it
closed its initial public offering of 34,500,000 units at a price
of $10.00 per unit, including 4,500,000 units issued
pursuant to the exercise by the underwriters of their
over-allotment option in full. The units are listed on The Nasdaq
Capital Market ("Nasdaq") and began trading under the ticker symbol
"FCACU" on September 22, 2020. Each unit consists of one share
of Class A common stock and one-third of one redeemable warrant,
with each whole warrant exercisable to purchase one share of Class
A common stock at a price of $11.50 per share. After the
securities comprising the units begin separate trading, the shares
of Class A common stock and warrants are expected to be listed on
Nasdaq under the symbols "FCAC" and "FCACW," respectively.
Falcon Capital Acquisition Corp. is a blank check company
incorporated for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue a business combination target in any business or
industry, the Company intends to focus on media, digital
media/consumer technology, interactive entertainment and related
industries.
Goldman Sachs & Co. LLC acted as sole bookrunning manager of
the offering.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Goldman
Sachs & Co. LLC, 200 West Street, New York, NY 10282,
Attn: Prospectus Department, by telephone at 866-471-2526 or by
emailing prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on September 21, 2020. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Falcon Capital Acquisition Corp.
Falcon Capital Acquisition Corp. is a newly incorporated blank
check company whose business purpose is to effect a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses or
entities. While the Company may pursue an initial business
combination opportunity in any industry or sector, it intends to
focus on businesses in the media, digital media/consumer
technology, interactive entertainment and related industries which
capitalize on its management team's expertise. The Company's
management team is led by Alan G.
Mnuchin, the founder and chief executive officer of Ariliam
Group, and the Company has formed an investment partnership with
EEP II Holdings, LLC, or Eagle Equity Partners, which is a founding
investor in the Company's sponsor. For more information about
Falcon Capital Acquisition Corp., please visit
www.falconequityinvestors.com.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement for
the initial public offering filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Contact
Saif Rahman
info@ariliam.com
Media Contact
Gladstone Place Partners
Steven Lipin/Christina Stenson
Falcon@gladstoneplace.com
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SOURCE Falcon Capital Acquisition Corp.