Hi JC, hope all is well. So I am not sure what will be happening from here onward.
From this July 1st merger PR excerpt below, it seems like 0.4340 (offer price) was the max value the AKLI shareholder was to get from this merger, where it was at the time of your share purchases. That is why the share price didn't go any higher after the initial spike that took place a month ago from .25 to .43.
the tender offer commenced on June 3, 2024, to acquire all outstanding shares of common stock of Akili, Inc. (Nasdaq: AKLI) (“Akili”) for $0.4340 per share (the “Offer Price”).
Now in terms of your AKLI share holdings, they won't be available on Nasdaq anymore (PR extract below) because all AKLI has been delisted as of July 2nd. Not sure if you will still have them at all or will they be still available on OTC platform with a different or same symbol after AKLI now being delisted. You may want to check with your T.D. Waterhouse (trading platform) on this...
Prior to the opening of trading on The Nasdaq Stock Market LLC (“Nasdaq”) on July 2, 2024, all shares of Akili common stock ceased trading on Nasdaq, and Virtual Therapeutics intends promptly to cause such shares to be delisted from Nasdaq and deregistered under the Securities Exchange Act of 1934, as amended.
Was that the main reason they were trying to approach you to sell you shares before AKLI gets delisted so you don't lose everything?? Possible!
Sorry! I don't have a concrete answer for all this...
All I can pray and wish you the best from this confusion (unknowns).
Let me know your findings on this....
Best of luck!!!
Take care!
AI
