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Monday, June 24, 2024

Equity Corporate Actions Alert #2024 - 299
Information Regarding the Tender Offer of Akili, Inc. (AKLI)

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  • Industry Announcement

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The tender offer by Alpha Merger Sub, Inc., a wholly owned subsidiary of Virtual Therapeutics Corporation to acquire all of the outstanding common stock of Akili, Inc. (AKLI) is scheduled to expire one minute after 11:59 p.m. ET, on July 1, 2024 unless extended or terminated. The subsequent merger is tentatively scheduled to close prior to the market open on July 2, 2024. In anticipation of the closing, the stock will be halted immediately following the after-hours session at 8 p.m. on July 1, 2024. If the merger closes as planned, the stock will remain halted on the day of closing (July 2nd) and will be suspended effective July 3, 2024. The details are as follows:

Company/Issue: Akili, Inc. Common Stock
CUSIP#: 00974B107
Symbol: AKLI
Anticipated Last Trading Date: July 1, 2024
Anticipated Marketplace Effective Date for Suspension: July 3, 2024
Merger Consideration: $0.4340 for each share held.

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