Babylon Healthcare Services Limited announced that it will issue 23,000,000 common shares at a price of $10 per share for gross proceeds of $230,000,000 on June 3, 2021. The transaction will include participation from new, external institutional investors including AMF Pensionsförsäkring AB, Sectoral Asset Management Inc, Swedbank Robur AB, strategic investor Palantir Technologies Inc. (NYSE:PLTR), Alkuri Sponsor LLC, individual investor Ali Parsa, CEO of the company existing investors Kinnevik AB (OM:KINV B), and VNV Global AB (publ) (OM:VNV). The transaction has been unanimously approved by the boards of directors of the company and Alkuri Global Acquisition Corp.

(NasdaqCM:KURI). The transaction is expected to close in the second half of 2021, subject to approval by Alkuri Global Acquisition Corp. (NasdaqCM:KURI)'s stockholders and other customary closing conditions, including any applicable regulatory approvals.