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Alkuri Stockholders Approve Business Combination with Babylon Holdings Ltd.

On October 20, 2021 Alkuri Global Acquisition Corp. (NASDAQ: KURI), a publicly-traded special purpose acquisition company, announced the results of its special meeting of stockholders. Read the press release.

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A Message from our CEO:

We’re incredibly proud to have delivered the opportunity for Alkuri’s stockholders to support the fastest growing digital healthcare company we’ve seen -- public or private. In the first half of this year, Babylon grew its revenues by 472% while improving margins and continuing to deliver world-class healthcare by realigning the focus and incentives of care on comprehensive, long-term health and well-being. With the support and commitment of Babylon’s shareholders, we brought this transaction to you at a price that, in our view, represents a clear discount to its peers -- despite the fact that Babylon is growing as much as 10 times faster than others in digital healthcare.  

We believe we have delivered an incredibly attractive entry point for a category-defining business in a $10 trillion global sector that, in our view, is in the earliest stages of its technology revolution.

Importantly, we believe the
potential rewards from this merger with Babylon extend far beyond the economics. For too long we've somehow accepted the broken healthcare system that routinely leaves our most vulnerable communities behind. In partnership with other visionary organizations, Babylon is proving that it's not only possible to re-engineer the system, the process is underway and already making a positive impact on members' lives -- for rich and poor, from Rwanda to Southeast Asia to Central London to rural towns and counties in the U.S. So while we strongly believe in the potential for outsized returns with Babylon, and have invested our personal capital both in Alkuri and the PIPE, we also see world changing potential in this company.

Your vote to approve this transaction was more than a vote for Babylon, it was a
vote to make quality healthcare accessible and affordable for every person on Earth -- a bold and important mission led by a visionary founder and arguably the most seasoned leadership team in digital health.

On behalf of the entire Alkuri team, thank you for your support and the ability to bring this opportunity to our stockholders and the U.S. public markets.

--Rich Williams, CEO

Alkuri Global isn't your typical SPAC sponsor

Operator-led and and shareholder-friendly is our way. Alkuri Global Acquisition Corp is our first SPAC, where we seek to partner with a world class team to further enable growth, realize a bold vision, and access the public markets.

Operator-led
Operator-Led

Our team has been through typical IPOs, and has built and run multi-billion dollar tech companies in both public and private settings. We get it, and we can help.

Patient Capital
Patient Capital

Our team brings decades of scale investing and deep relationships with patient sovereign capital that knows what it means to invest in visionary CEOs and management teams for the long run.

True partners
True Partners

We're here to work side-by-side with investors and management teams to create value long after the deal is done -- we want to help and we won't disappear when things get tough.

seller-friendly structure
Seller-friendly Structure

Our goal is to combine shareholder-friendly structures with scale operational expertise to help convert founder vision to reality. In short: higher quality partners with structures that avoid unnecessary dilution.

Partnership is core to our philosophy

We're here to help you achieve your vision faster than you thought possible. Sure, one of the benefits of a SPAC is speed. But when you're moving fast, having the right partners by your side is critical.

One Team

Our team and crew of advisors have been there and done that, and are excited to help you get it right while moving fast. We won't just give you a list of agencies to call for help and wish you luck. We'll work directly with you and your teams to get (the right) "stuff" done, fast.

Experienced Advisors

We have seasoned advisors in the Alkuri Global family that are excited to help great teams prepare to be great public company teams. We have amazing people that can help in the areas so many companies get wrong out of the gate, like IR, FP&A, Legal and digital marketing.

Flexible & Long-term

We want to be helpful in the way you need it, for as long as you need it. We will help you get to the public markets, and we can help with board and advisory support afterwards to ensure you have the right people around the table to achieve your vision.

Our Team & Sponsors

Operators + Investors + Partners

Rich Williams
CEO
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Public tech CEO, public markets navigator, investor & advisor, go-to-market specialist
Sultan Almaadeed
Chairman
Sultan Almaadeed headshot
Investor and founder, sovereign wealth investor and proven contrarian
Steve Krenzer
CFO
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Scale operator, builder, investor & advisor, mentor to growth stage CEOs
Jon Huberman
Sponsor/Advisor
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Tech operator, investor, multi-time SPAC sponsor & CEO, software specialist
Katie May

Katie is a serial entrepreneur that's been on the IPO ride before and has been at the helm of multiple high-growth tech companies from inception to global scale. She's also an experienced investor and board member for both private and public companies.

// Independent director
Jason Harinstein

Jason is a health tech CFO that brings 20+ years of deal experience in high growth environments and across all lifestages. He knows how to get deals done and he knows what it takes to be successful in both public & private companies.

// Independent director
Steve Smith

Steve brings decades of private equity and capital formation experience to the Alkuri Global team and SPAC board. He knows how to bring strategic capital together to drive growth and create value beyond the checkbook.

//independent director
Roushan Zenooz

Roushan brings decades of tech M&A and management experience with some of the biggest names on the Internet. He's a founder, executive chairman, and investor all rolled into one.

//advisor
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