Rumor DNAA

Palihapitiya Suvretta I SPAC Is Said to Be in Merger Talks With Akili Interactive

, Bloomberg

Social Capital Suvretta Holdings Corp. I, a particular objective acquisition firm led by Chamath Palihapitiya, is in talks to merge with Akili Interactive, a startup that focuses on technology-based cognitive therapies, in accordance to folks with information of the matter.

A transaction that values the mixed entity at greater than $800 million has been mentioned, mentioned one of many folks, requesting anonymity as a result of the talks aren’t public. It’s potential phrases change or {that a} deal will not be finally reached.

Representatives for the Social Capital Suvretta SPAC and Akili didn’t reply to a number of requests for remark.

Akili’s therapies are delivered via “captivating action video-game experiences,” its web site reveals. A key providing is a digital therapeutic, and the corporate says research have proven that it improves measures of consideration in kids identified with attention-deficit hyperactivity dysfunction, often known as ADHD.

Led by Chief Executive Officer Eddie Martucci, Akili’s buyers embody Baillie Gifford, Temasek Holdings, Shire, Amgen Ventures, Neuberger Berman and Jazz Venture Partners, its web site reveals.

The firm was final valued at $410 million after a May funding spherical, in accordance to PitchBook information. PureTech Health Plc mentioned on the time that it owned about 23.4% of Akili.

Akili has mentioned it’s advancing scientific analysis of different digital therapies that will handle impairments in cognitive functioning linked to circumstances together with autism spectrum dysfunction, main depressive dysfunction and a number of sclerosis.

Social Capital Suvretta Holdings Corp. I, which counts Palihapitiya as its CEO and Kishen Mehta as president, raised $250 million in a June preliminary public providing.

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