Item 8.01 Other Events.
On July 2, 2021, Social Capital Suvretta Holdings Corp. I (the "Company")
consummated its initial public offering (the "IPO") of 25,000,000 Class A
ordinary shares of the Company, par value $0.0001 per share (each, an "Ordinary
Share", and the Ordinary Shares sold in the IPO, the "Public Shares"), including
the issuance of 3,000,000 Public Shares as a result of the underwriters' partial
exercise of their over-allotment option, at a price of $10.00 per Public Share,
generating gross proceeds (before underwriting discounts and commissions and
offering expenses) to the Company of $250,000,000.
Substantially concurrently with the closing of the IPO, the Company completed
the private sale of 640,000 Ordinary Shares (the "Private Placement Shares") at
a price of $10.00 per Private Placement Share to the Company's sponsor, SCS
Sponsor I LLC, generating gross proceeds to the Company of $6,400,000.
A total of $250,000,000, comprised of proceeds from the IPO and the sale of the
Private Placement Shares, was placed in a U.S.-based trust account at JP Morgan
Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company,
acting as trustee. An audited balance sheet as of July 2, 2021 reflecting
receipt of the proceeds upon consummation of the IPO and the sale of the Private
Placement Shares has been issued by the Company and is included as Exhibit 99.1
to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Audited Balance Sheet, as of July 2, 2021 (as restated)
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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