Jon David brings deep expertise in building and
launching engaging products to the Akili leadership team
Akili Interactive (“Akili” or the “Company”), a leading digital
medicine company developing cognitive treatments through
game-changing technologies, today announced the appointment of Jon
David as Chief Product Officer. In his role, David will be
responsible for developing and executing the strategic vision of
Akili’s future product pipeline as the company continues to lead
the way in establishing an entirely new category of medicine - one
where the treatment is experienced like high-end entertainment.
Reporting to the CEO, David will join the Akili executive team,
which includes leaders with diverse experience and industry
backgrounds ranging from biotech and technology to entertainment
and design.
“Jon is a proven executive and top-tier innovator in the video
game industry, and we are thrilled to have his vision and expertise
on the team,” said Eddie Martucci, Co-Founder and Chief Executive
Officer of Akili. “His results-driven background in creating
intentionally designed, deeply enjoyable, and industry-changing
consumer products will be instrumental as we advance our mission to
pioneer treatments that truly have the feel and stickiness of
consumer entertainment products.”
A 20-year veteran of the games industry, David joins Akili after
serving as Vice President and General Manager at Glu Mobile,
acquired in 2021 by Electronic Arts, where he led the development
of both new IP and hit franchises including Covet Fashion and Diner
Dash Adventures. David previously founded and served as CEO of
Taunt, a technology-based fan engagement company focused on
reinventing the way viewers engage with esports. While at Taunt, he
was instrumental in raising capital, launching the service across
web and mobile streaming platforms, and strengthening the social
engagement between thousands of streamers and millions of fans.
Prior to Taunt, David spent more than 10 years at PopCap Games
where he served as Vice President of Social Games, spearheading the
company’s efforts in mobile free-to-play, building the social games
studio from the ground up, and leading the development of Bejeweled
Blitz. In 2011, PopCap Games was acquired by Electronic Arts where
David continued to lead the studio, guiding the success of
fan-favorite franchises and the launches of hit titles including
Plants vs. Zombies 2 and Plants vs. Zombies Garden Warfare. He has
also served in various roles at Microsoft where he led the product
design and development of Xbox Live Arcade for Xbox 360.
“The opportunity Akili offers to patients to ‘play their
medicine,’ is uniquely powerful. I’m looking forward to bringing
even more joy and magic to the Akili product experience as we
grow,” said Jon David, Chief Product Officer at Akili. “I’m honored
to join this team and drive engagement in a way that helps make
people’s lives better.”
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, 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 with
respect to the proposed transaction between Akili and SCS. 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 transaction may not be
completed in a timely manner or at all, which may adversely affect
the price of SCS’s securities, (ii) the risk that the proposed
transaction may not be completed by SCS’s business combination
deadline and the potential failure to obtain an extension of the
business combination deadline if sought by SCS, (iii) 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, (iv) the lack of a third party valuation in determining
whether or not to pursue the proposed transaction, (v) the
inability to complete the PIPE Investment, (vi) the occurrence of
any event, change or other circumstance that could give rise to the
termination of the Merger Agreement, (vii) the effect of the
announcement or pendency of the transaction on Akili’s business
relationships, operating results, and business generally, (viii)
risks that the proposed transaction disrupts current plans and
operations of Akili or diverts management’s attention from Akili’s
ongoing business operations and potential difficulties in Akili
employee retention as a result of the announcement and consummation
of the proposed transaction, (ix) the outcome of any legal
proceedings that may be instituted against Akili or against SCS
related to the Merger Agreement or the proposed transaction, (x)
the ability to maintain the listing of SCS’s securities on a
national securities exchange, (xi) the price of SCS’s securities
may be volatile due to a variety of factors, including changes in
the competitive and highly regulated industries in which SCS plans
to operate or Akili operates, variations in operating performance
across competitors, changes in laws and regulations affecting SCS’s
or Akili’s business, and changes in the combined capital structure,
(xii) the ability to implement business plans, forecasts, and other
expectations after the completion of the proposed transaction, and
identify and realize additional opportunities, (xiii) the ability
of Akili to successfully commercialize EndeavorRx® and continue to
advance its clinical development pipeline, (xiv) the ability to
recognize the anticipated benefits of the proposed transaction,
which may be affected by, among other things, competition, the
ability of the combined company to grow and manage growth
profitably, maintain relationships with customers and suppliers and
retain its management and key employees, (xv) the evolution of the
markets in which Akili competes, (xvi) the ability of Akili to
defend its intellectual property and satisfy regulatory
requirements, (xvii) the costs related to the proposed transaction,
(xviii) the impact of the COVID-19 pandemic on Akili’s business,
(xix) Akili’s expectations regarding its market opportunities and
(xx) the risk of downturns and a changing regulatory landscape in
the highly competitive industry in which Akili operates. 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 on Form S-1 (File Nos. 333-256723 and 333-257543),
SCS’s quarterly report on Form 10-Q for the quarter ended September
30, 2021 filed with the SEC on November 15, 2021, the Registration
Statement on Form S-4, including those under “Risk Factors”
therein, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220317005413/en/
Megan Branch mbranch@akiliinteractive.com
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