Akili to Speak on Integrating Digital Therapeutics Into Mainstream Healthcare at DTx West 2022

Rhea-AI Summary

Akili Interactive, a leader in digital medicine, announced that CFO Santosh Shanbhag and VP of Marketing Blake Schiller will speak at the fifth annual DTx West event on February 23, 2022. Shanbhag will discuss DTx mergers and acquisitions at 10:55 a.m. PT, while Schiller will address collaborations between DTx and pharmaceutical companies at 2:40 p.m. PT. Akili is set to go public through a merger with Social Capital Suvretta Holdings Corp. I (Nasdaq: DNAA), expected to close by mid-2022. This marks a significant step in advancing cognitive treatments validated by clinical trials.

BOSTON--(BUSINESS WIRE)-- Akili Interactive (“Akili” or the “Company”), a leading digital medicine company pioneering the development of cognitive treatments through game-changing technologies, today announced that Chief Financial Officer, Santosh Shanbhag, and Vice President of Marketing, Blake Schiller, will each participate in panel discussions at the fifth annual DTx West event, a conference designed to bring together leaders within digital therapeutics (DTx) to accelerate knowledge and the advancement of DTx into mainstream healthcare.

Shanbhag will join a panel of experts to discuss the intricacies of mergers, acquisitions and exits unique to DTx, and the opportunities that exist to accelerate growth of the field within the healthcare industry. The session, “A Deep-Dive into the Scaling-Up Strategies utilized by Digital Therapeutics Companies,” will be moderated by Acacia Parks, Chief Behavioral Officer of Found. DTx West attendees can tune into the panel live on Wednesday, February 23, at 10:55 a.m. PT.

In the session, “The Intersection between Pharma and Digital Therapeutics – Industry Insights from Both Sides,” Schiller will explore how DTx and pharmaceutical companies can successfully work together in ways that complement the strengths of each stakeholder for mutually beneficial partnerships. The discussion will take place Wednesday, February 23, at 2:40 p.m. PT.

More information on the sessions and how to attend can be found here.

About Akili

Akili is pioneering the development of cognitive treatments through game-changing technologies. Our approach of leveraging technologies designed to directly target the brain establishes a new category of medicine – medicine that is validated through clinical trials like a drug or medical device, but experienced like entertainment. Akili’s platform is powered by proprietary therapeutic engines designed to target cognitive impairment at its source in the brain, informed by decades of research and validated through rigorous clinical programs. Driven by Akili’s belief that effective medicine can also be fun and engaging, Akili’s products are delivered through captivating action video game experiences.

On January 26, 2022, Akili entered into a definitive agreement to become publicly traded via a merger with Social Capital Suvretta Holdings Corp. I (Nasdaq: DNAA), a special purpose acquisition company. The transaction is expected to close in mid-2022, subject to satisfaction of the closing conditions, after which Akili will be listed on the Nasdaq stock market under the new ticker symbol “AKLI.”

For more information, please visit www.akiliinteractive.com.

Additional Information and Where to Find It

In connection with the proposed business combination transaction between Social Capital Suvretta Holdings Corp. I (“SCS”) and Akili, SCS filed a registration statement on Form S-4 (as amended, the “Registration Statement”) with the SEC on February 14, 2022, which includes a preliminary prospectus and proxy statement of SCS, referred to as a proxy statement/prospectus. The Registration Statement has not yet become effective. When available, a final proxy statement/prospectus will be sent to all SCS shareholders. SCS will also file other documents regarding the proposed transaction with the SEC. SHAREHOLDERS OF SCS ARE ADVISED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by SCS (when available) through the website maintained by the SEC at http://www.sec.gov.

The documents filed by SCS with the SEC also may be obtained free of charge at SCS’s website at https://socialcapitalsuvrettaholdings.com/dnaa or upon written request to 2850 W. Horizon Ridge Parkway, Suite 200, Henderson, NV 89052.

Participants in the Solicitation

SCS and Akili and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from SCS’s shareholders in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction between Akili and SCS are contained in the proxy statement/prospectus. You may obtain free copies of these documents as described in the preceding paragraph.

No Offer or Solicitation

This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom. This press release may be deemed to be solicitation material in respect of the proposed transactions contemplated by the proposed business combination between Akili and SCS.

Forward-Looking Statements

This communication may contain certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the proposed business combination transaction may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the Merger Agreement by the shareholders of SCS and the satisfaction of the minimum cash condition and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of SCS’s registration statement on Form S-4 (File No. 333-262706) filed with the SEC on February 14, 2022, and other documents filed by SCS from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Akili and SCS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Akili nor SCS gives any assurance that either Akili or SCS, or the combined company, will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005082/en/

Julie DiCarlo

Akili Interactive

julie@akiliinteractive.com

Source: Akili Interactive

FAQ

What will Akili Interactive present at DTx West on February 23, 2022?

CFO Santosh Shanbhag will discuss DTx mergers and acquisitions at 10:55 a.m. PT, while VP Blake Schiller will explore collaborations with pharmaceutical companies at 2:40 p.m. PT.

What is the significance of the merger between Akili and Social Capital Suvretta Holdings Corp. I (DNAA)?

The merger will enable Akili to go public and is expected to close by mid-2022, facilitating the advancement of innovative cognitive treatments.

Where can I learn more about the DTx West event and Akili's participation?

More information about the event and sessions can be found on the official DTx West website.

What is the new ticker symbol for Akili after its merger with DNAA?

After the merger, Akili will be listed on the Nasdaq stock market under the ticker symbol 'AKLI'.

What type of company is Akili Interactive?

Akili is a digital medicine company that develops cognitive treatments through game-like technologies, validated via clinical trials.