MobiHealth News January 26, 2022
The merger with the special-purpose acquisition company Social Capital Suvretta Holdings Corp. I is expected to net Akili up to $412 million.
Akili Interactive, maker of a video game-based digital therapeutic for treating pediatric ADHD, announced Wednesday it plans to go public through a merger with special-purpose acquisition company Social Capital Suvretta Holdings Corp. I.
The deal is expected to net the digital therapeutics startup up to $412 million in gross cash proceeds, valuing the combined company at about $1 billion. The transaction includes a $162 million private investment in public equity (PIPE) raise, with $100 million coming from Social Capital and the rest coming from new and existing investors.
The companies are planning for the transaction to close in...
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