Kaskela Law LLC is investigating the recently announced proposed buyout of Sharecare, Inc. (NASDAQ: SHCR) shareholders.

On June 21, 2024, Sharecare announced that it had agreed to be acquired by investment firm Altaris, LLC at a price of $1.43 per share in cash.  Following the closing of the proposed transaction, Sharecare’s shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation seeks to determine whether Sharecare’s shareholders will be receiving sufficient consideration for their shares, and whether the company’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to the $1.43 per share buyout price. Notably, immediately prior to the announcement of the proposed transaction, at least one stock analyst was maintaining a price target for SHCR shares of over $2.00 per share.

Sharecare shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750