SHAREHOLDER ALERT: The Pomerantz Law Firm announces the filing of a class action lawsuit against Sharecare, Inc.

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Sharecare, Inc. (“Sharecare” or the “Company”) (NASDAQ: SHCR). Investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether Sharecare and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

You have until June 18, 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired Sharecare securities during the Class Period. A copy of the complaint is available atT www.pomerantzlaw.com.

(Click here for information on joining the class action lawsuit.)

At March 29, 2024 Sharecare filed its Annual Report on Form 10-K for 2023 (the “2023 Annual Report”) with the U.S. Securities and Exchange Commission. Among other things, the 2023 Annual Report disclosed that “based on their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures … were adequate as of the date of December 31, 2023 due to (a) material weaknesses in our internal control over financial reporting.” Sharecare stated that the material weaknesses were “related to the assessment of revenue recognition resulting from a change in services provided to a client due to untimely communication between cross-functional teams.”

Following this news, Sharecare’s share price fell $0.22 per share or 28.28%, and closed at 0.55 USD per share on 1 April 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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