Item 8.01. Other Events.
On October 5, 2021, Alkuri
Global Acquisition Corp. (the “Company”) issued a press release announcing that the Company has called a special meeting of
its stockholders (the “Special Meeting”) for October 20, 2021 to approve the previously announced business combination (the
“Business Combination”) with Babylon Holdings Ltd. (“Babylon”). Notice of the Special Meeting was mailed on September
30, 2021 to stockholders of record as of the close of business on September 14, 2021 (the “Record Date”). Due to concerns
about the coronavirus (COVID-19), the Company will hold the Special Meeting solely by means of remote communication or provide for the
ability of stockholders to attend the Special Meeting by means of remote communication. In that event, the Company will announce that
fact as promptly as practicable, and details on how to participate will be issued by press release, posted on our website at www.arkglobal.com
and filed with the U.S. Securities and Exchange Commission (the “SEC”) as supplemental proxy material. In connection with
the Special Meeting, the Company’s stockholders that wish to exercise their redemption rights must do so no later than 5:00 p.m.
Eastern Time on October 18, 2021 by following the procedures specified in the definitive proxy statement/prospectus for the Special Meeting,
when available.
A copy of the press release
is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Additional Information About the Business Combination
In connection with the proposed
Business Combination, Babylon filed a registration statement, as amended, on Form F-4 (File No. 333-257694) (the “Registration Statement”)
with the SEC, which includes a preliminary proxy statement/prospectus, and certain other related documents, which is both a proxy statement
to be distributed to holders of shares of the Company’s common stock in connection with the Company’s solicitation of proxies
for the vote by the Company’s stockholders with respect to the Business Combination and other matters as may be described in the
Registration Statement, as well as the prospectus relating to the offer and sale of the securities of Babylon to be issued in the Business
Combination. The Registration Statement was declared effective by the SEC on September 30, 2021. The Company filed a definitive proxy
statement/prospectus regarding the Business Combination with the SEC on September 30, 2021. The Company’s stockholders and other
interested persons are advised to read the definitive proxy statement/prospectus included in the Registration Statement, as these materials
contain important information about the parties to the Business Combination Agreement, the Company and the Business Combination. The
Company mailed the definitive proxy statement/prospectus and other relevant documents to its stockholders of record as of September 14,
2021. Stockholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the SEC that will
be incorporated by reference in the proxy statement/prospectus, without charge, once available, at the SEC’s web site at www.sec.gov,
or by directing a request to: Alkuri Global Acquisition Corp., 425 Hillsboro Pike, Suite 300, Nashville, TN 37215, Attention: Corporate
Secretary, (615) 632-0303.
Participants in the Solicitation
The Company and its directors
and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to
the Business Combination. A list of the names of those directors and executive officers and a description of their interests in the Company
is contained in the Registration Statement, and is available free of charge from the sources indicated above.
Babylon and its directors
and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection
with the Business Combination.
Information Concerning Forward-Looking Statements
This Current Report on Form
8-K contains, and certain oral statements made by representatives of Babylon and the Company and their respective affiliates, from time
to time may contain, a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements generally relate to future events or our future financial or operating performance. When used in this
Current Report on Form 8-K, the words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,”
“should,” “future,” “propose” and variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include,
without limitation, information concerning Babylon’s or the Company’s possible or assumed future results of operations, business
strategies, debt levels, competitive position, industry environment, potential growth opportunities, Babylon’s and the Company’s
expectations with respect to the future performance of the combined company, including whether this proposed Business Combination will
generate returns for stockholder, the anticipated addressable market for the combined company, the satisfaction of the closing conditions
to the Business Combination, and the timing of the transaction.
These forward-looking statements are not guarantees
of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Babylon’s or the Company’s management’s control, that could cause actual results
to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important
factors include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination
of the Merger Agreement and the proposed Business Combination contemplated thereby; (b) the inability to complete the proposed Business
Combination due to the failure to obtain approval of the stockholders of the Company or other conditions to closing in the Merger Agreement;
(c) the ability to meet New York Stock Exchange listing standards following the consummation of the proposed Business Combination; (d)
the failure of investors in the PIPE to fund their commitments upon the closing of the proposed Business Combination; (e) the risk that
the proposed Business Combination disrupts current plans and operations of Babylon or its subsidiaries as a result of the announcement
and consummation of the transactions described herein; (f) the ability to recognize the anticipated benefits of the proposed Business
Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth
profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) costs related to the
proposed Business Combination; (h) changes in applicable laws or regulations, including legal or regulatory developments (such as the
SEC’s recently released statement on accounting and reporting considerations for warrants in SPACs) which could result in the need
for the Company to restate its historical financial statements and cause unforeseen delays in the timing of the Business Combination and
negatively impact the trading price of the Company’s securities and the attractiveness of the Business Combination to investors;
(i) the possibility that Babylon may be adversely affected by other economic, business and/or competitive factors; and (j) other risks
and uncertainties to be identified in the registration/proxy statement relating to the Business Combination, and in other documents filed
or to be filed with the SEC by the Company and Babylon and available at the SEC’s website at www.sec.gov.
Babylon and the Company caution that the foregoing
list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only
as of the date made. Except as required by law, neither the Company nor Babylon undertakes any obligation to update or revise its forward-looking
statements to reflect events or circumstances after the date of this release.
Disclaimer
This report shall not constitute
a solicitation of a proxy, consent or authorization with respect to any vote in any jurisdiction in respect of the business combination.
This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there by
any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus
meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.