This Amendment No. 1 amends and supplements the Schedule 13D filed with the Securities
and Exchange Commission on August 30, 2022 (as amended, the Schedule 13D), relating to common stock, par value $0.0001 per share (the Common Stock), of Akili, Inc., a Delaware corporation (the Issuer).
Capitalized terms used herein and not defined have the meanings given to them in the Schedule 13D.
Item 4. |
Purpose of Transaction. |
Item 4 of the Schedule 13D is hereby supplemented as follows:
Merger Agreement
On May 29, 2024,
the Issuer entered into an Agreement and Plan of Merger (the Merger Agreement) with Virtual Therapeutics Corporation, a Delaware corporation (Parent), and Alpha Merger Sub, Inc., a Delaware corporation and a wholly owned
subsidiary of Parent (Purchaser). The Merger Agreement provides for, among other things: (i) the acquisition of all of the Issuers outstanding shares of Common Stock through a cash tender offer (the Offer) by
Purchaser, for a price per share of the Common Stock of (x) $0.4340 (the Offer Price); and (ii) the merger of Purchaser with and into the Issuer (the Merger), with the Issuer surviving the Merger as a wholly owned
subsidiary of Parent. Under the Merger Agreement, Parent is required to commence the Offer as promptly as practicable, and in any event no later than June 3, 2024.
As further described in the Form 8-K filed by the Issuer on May 29, 2024 (the Merger 8-K), pursuant to the terms of the Merger Agreement, as of immediately prior to the effective time of the Merger (the Effective Time), by virtue of the Merger and without any action on the part of
the holders of Common Stock, (i) each outstanding share of Common Stock of the Issuer, other than any shares of Common Stock held in the treasury of the Issuer or owned, directly or indirectly, by Parent or Purchaser, or by any stockholders of
the Issuer who are entitled to and who properly exercise appraisal rights under Delaware law, will be converted into the right to receive the Offer Price. The Merger 8-K also describes the treatment of certain
Issuer equity awards at the Effective Time pursuant to the Merger Agreement.
Tender and Support Agreement
In connection with the Issuers execution of the Merger Agreement, on May 29, 2024, PureTech Health LLC (PureTech Health)
and certain other beneficial owners of Common Stock entered into Tender and Support Agreements (the Tender and Support Agreements) with Parent and Purchaser. The Tender and Support Agreements provide, among other things, that beneficial
owners that are party to the Tender and Support Agreements will tender all of the shares of Common Stock of the Issuer held by them to Purchaser in the Offer, upon the terms and subject to the conditions of the Tender and Support Agreement, and (if
applicable) vote all shares of Common Stock in favor of the Merger. By entering into the Tender and Support Agreement, PureTech Health and the other beneficial owners party thereto also agreed to other customary terms and conditions, including
certain transfer and voting restrictions, in respect of shares of Common Stock that they beneficially own.
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