Palihapitiya-Led SPAC to Merge With Akili in $1 Billion Deal (Bloomberg):
Akili Interactive, a startup that has developed a video game to help treat attention-deficit disorders in kids, has agreed to go public through a merger with one of Chamath Palihapitiya’s blank-check companies.
The deal, which confirms a Bloomberg News report, values the combined entity at about $1 billion, Akili and Social Capital Suvretta Holdings Corp. I said in a statement seen by Bloomberg. It will provide as much as $412 million in gross cash proceeds, the companies said. [Read more…] about Digital therapeutics pioneer Akili Interactive plans to go public in mid-2022 at a $1B valuation