Akili, maker of prescription video game to treat ADHD, to go public via SPAC

SPACs aren’t all fun and games, until they are.

Akili Interactive, which makes a video game that treats attention problems in young people, announced plans Wednesday to go public in a merger with Social Capital Suvretta Holdings Corp, a special purpose acquisition company run by venture capitalist and former Facebook executive Chamath Palihapitiya. The deal could value the company up to about $1 billion after investment.

Akili received Food and Drug Administration clearance for EndeavorRx, its prescription-only treatment for children with attention deficit hyperactivity disorder, in 2020. The Boston-based company has since cautiously gone to market as it hopes for the broader payer coverage and patient adoption that could make its product a blockbuster success.

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