DNAA Stock Races 200% Higher as Akili SPAC Merger Closes

InvestorPlace2022-08-22

Shares in Social Capital Suvretta Holdings (DNAA) shot up over the weekend as it completed its merger with Akili Interactive. Akili is using video game technology to treat ADHD. DNAA begins trading ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2261523281?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-22 22:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2261523281","market":"us","top_or_hot":-1,"title":"DNAA Stock Races 200% Higher as Akili SPAC Merger Closes","media":"InvestorPlace","content":"<div>\n<p>Shares in Social Capital Suvretta Holdings (DNAA) shot up over the weekend as it completed its merger with Akili Interactive. \nAkili is using video game technology to treat ADHD.\nDNAA begins trading ...</p>\n\n<a href=\"https://investorplace.com/2022/08/dnaa-stock-races-200-higher-as-akili-spac-merger-closes/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DNAA Stock Races 200% Higher as Akili SPAC Merger Closes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDNAA Stock Races 200% Higher as Akili SPAC Merger Closes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-22 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/dnaa-stock-races-200-higher-as-akili-spac-merger-closes/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in Social Capital Suvretta Holdings (DNAA) shot up over the weekend as it completed its merger with Akili Interactive. \nAkili is using video game technology to treat ADHD.\nDNAA begins trading ...</p>\n\n<a href=\"https://investorplace.com/2022/08/dnaa-stock-races-200-higher-as-akili-spac-merger-closes/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://investorplace.com/2022/08/dnaa-stock-races-200-higher-as-akili-spac-merger-closes/","article_id":"2261523281","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2261523281","pubTimestamp":1661176920,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Shares in Social Capital Suvretta Holdings (DNAA) shot up over the weekend as it completed its merge","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股"},"translate_title":"Akili SPAC合并完成，DNAA股价上涨200%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DNAA":1},"content_text":"Shares in Social Capital Suvretta Holdings (DNAA) shot up over the weekend as it completed its merger with Akili Interactive. \nAkili is using video game technology to treat ADHD.\nDNAA begins trading as AKLI when the market opens on Aug. 22.\n\n\n\n\n \n\nSource: T. Schneider / Shutterstock.com\n\n\n\nShares in Social Capital Suvretta Holdings (NASDAQ:DNAA) rose sharply on news it completed its merger with Akili Interactive, which hopes to treat brain conditions using video games.\nAfter the market opens on August 22, the company will trade as AKLI.\nShares jumped 48% on August 19, when the completion of the merger was announced. They rose nearly 200% in weekend trading. They were due to open at about $42 each.\n\nWhat Is Akili? \nAkili is focused on using video games to treat ADHD. It signed an agreement in May to integrate its EndeavorRX game into Roblox (NASDAQ:RBLX).\nThe game is designed to increase sustained attention in kids aged 8-12. This is also part of the target market for Roblox, which has built an interactive “metaverse” with its online games, many designed by children.\n\n\n\n\n\n\nSome reporters have been skeptical about Roblox and its latest quarterly earnings statement seemed to justify the skepticism. But if Endeavor can gain traction with parents who are leery of ADHD medicines like Adderall, and already use Roblox, it could be a winner.\nIn addition to its ADHD work, Akili is also conducting research on the use of video games against COVID Brain Fog, a cognitive impairment associated with “long COVID.”\nThe action in DNAA also represents a win for Chamath Palihapitiya, who sponsored the deal. Palihapitiya was an early advocate of Special Purpose Acquisition Companies (SPACs) and became known as the “King of SPACs” during the 2021 bull market. His reputation suffered with the 2022 bear market in tech stocks, especially SPACs designed to take companies public without the costs of investment banking. A SPAC goes public as a shell, then takes an active company public through a merger.\nDNAA Stock: What Happens Now? \nThe success of DNAA stock, or soon AKLI stock, may be a triumph of hope over experience, especially since it comes as the underlying market prepares for a rocky opening.\nStill, any success for Akili would be a godsend for parents, and if Akili can prove its concept works, it could prove profitable.\nOn the date of publication, Dana Blankenhorn held no positions in any company mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2022/08/dnaa-stock-races-200-higher-as-akili-spac-merger-closes/.\n©2022 InvestorPlace Media, LLC\n\n\n\nSponsored Headlines\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\tMore from InvestorPlace\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Insight, Financial Articles\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tQuantum Computing Will Be Bigger Than the Discovery of Fire!\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Luke Lango\n\n\t\t\t\t\t\t\t\tAug 19, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tStocks to Buy\t\t\t\t\t\t\t\t\n\n\nIBM Stock Offers a Winning Combination of Growth and Value\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Louis Navellier and the InvestorPlace Research Staff\n\n\t\t\t\t\t\t\t\tAug 19, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Insight, Financial Articles\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tThese Four Charts Could Show Us Where the Market May Go Next\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy John Jagerson and Wade Hansen\n\n\t\t\t\t\t\t\t\tAug 19, 2022","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2261523281"}