--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-107100" form_type: "8-K" ticker: null cik: "0001850266" company_name: "Akili, Inc." filed_at: "2024-04-23T23:59:59+00:00" generated_at: "2026-06-03T12:20:40.128533+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Akili receives 180-day Nasdaq extension to Oct 21, 2024; shareholders approve reverse stock split ## Summary - Nasdaq granted 180-day extension until Oct 21, 2024, to regain minimum $1.00 bid price. - Company previously notified of non-compliance on Oct 24, 2023; stock closed below $1.00 for 30 consecutive days. - At April 17 annual meeting, shareholders approved reverse stock split amendment to aid compliance (64.6M for, 675K against). - Also elected directors William Jones and Christine Lemke, and ratified KPMG as auditor for 2024. - If compliance not regained by Oct 21, Nasdaq will initiate delisting; company may appeal. ## SEC filing metadata - accession: 0001193125-24-107100 - form_type: 8-K - cik: 0001850266 - company_name: Akili, Inc. - filed_at: 2024-04-23T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 3.01, 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/d819756d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-107100 - JSON: https://secwatch.observer/filing/0001193125-24-107100.json - Plain text: https://secwatch.observer/filing/0001193125-24-107100.txt ## Key facts - Listing & Compliance Notices Akili, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)). - Exchange: nasdaq - Notice: extension granted - Deficiency: minimum bid price - Rules: 5550(a)(2) source text: October 21, 2024 (the “Extension Notice”), to regain compliance with Nasdaq’s minimum closing bid price rule required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). Nasdaq’s determination follows the Company’s recent request for such additional compliance period and is based, in part, on the Company’s written notice to the Nasdaq Staff of its intention to cure the deficiency during the additional compliance period and if necessary, by effecting a reverse stock split. Previously, on October 24, 2023, the Company received a written notifica evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm - Shareholder Votes Akili, Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-04-17 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-04-17 source text: Proposal 2 – Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2024 The Company’s stockholders approved Proposal 2. The votes were cast as follows: For Against Abstain Broker Non-Votes 65,287,853 127,909 31,431 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm - Shareholder Votes Akili, Inc. shareholders approved Election of two Class II directors at the 2024-04-17 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-04-17 source text: Proposal 1 – Election of Class II Directors to the Board The Company’s stockholders elected the two persons listed below as directors, each to serve until the Company’s 2027 annual meeting of stockholders and until their successors are duly elected and qualified, subject to their earlier resignation, death or removal. The votes were cast as follows: Nominee For Withhold Broker Non-Votes William “BJ” Jones, Jr. 56,884,764 489,310 8,073,119 Christine Lemke 56,962,983 411,091 8,073,119 evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm - Shareholder Votes Akili, Inc. shareholders approved Approval of an amendment to the Company’s Certificate of Incorporation to give the Board discretionary authority to effect a reverse stock split at the 2024-04-17 meeting. - Proposal: reverse split - Outcome: passed - Meeting: 2024-04-17 source text: Proposal 3 – Approval of an Amendment to the Company’s Certificate of Incorporation to Give the Board Discretionary Authority to Effect a Reverse Stock Split The Company’s stockholders approved Proposal 3. The votes were cast as follows: For Against Abstain Broker Non-Votes 64,553,169 675,020 219,004 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.