secwatch.observer — SEC 8-K summary
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Issuer:     Akili, Inc. (—)
CIK:        0001850266
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107100
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Akili receives 180-day Nasdaq extension to Oct 21, 2024; shareholders approve reverse stock split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/0001193125-24-107100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850266/000119312524107100/d819756d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107100

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