BRIEF-Virtual Therapeutics, Akili Interactive Enter Into Definitive Merger Agreement To Establish Leading Digital Health Company

Reuters05-29

May 29 (Reuters) - Akili Inc :

* VIRTUAL THERAPEUTICS, AKILI INTERACTIVE ENTER INTO DEFINITIVE MERGER AGREEMENT TO ESTABLISH LEADING DIGITAL HEALTH COMPANY

* AKILI INC: AKILI SHAREHOLDERS WILL RECEIVE $0.4340 PER SHARE OF COMMON STOCK IN CASH

* AKILI INC: UNDER TERMS OF AGREEMENT, AKILI SHAREHOLDERS WILL RECEIVE $0.4340 PER SHARE OF COMMON STOCK IN CASH

* AKILI INC: UPON COMPLETION OF TRANSACTION, AKILI'S COMMON STOCK WILL NO LONGER BE LISTED ON ANY PUBLIC STOCK EXCHANGE.

* AKILI INC: AKILI TO OPERATE AS WHOLLY OWNED SUBSIDIARY OF VIRTUAL THERAPEUTICS

* AKILI INC: FOLLOWING COMPLETION OF TRANSACTION, COMBINED ORGANIZATION WILL OPERATE AS VIRTUAL THERAPEUTICS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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