07/16/2026 | Press release | Distributed by Public on 07/16/2026 14:01
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material under § 240.14a-12
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No fee required
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Fee paid previously with preliminary materials
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
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We announced that AtaiBeckley has entered into a definitive agreement to be acquired by Eli Lilly and Company ("Lilly"). Transaction details can be found in the press release (link) distributed this morning.
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This transaction marks a significant milestone for us and underscores the strength of our differentiated portfolio and the clinical data supporting BPL-003. It also creates compelling, certain value for our shareholders and employees today, with additional potential upside through contingent value rights.
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As we have advanced our programs through development, our decisions have remained grounded in a fundamental belief: the most important thing we can do is get BPL-003 and the other therapies in our pipeline to as many patients as possible, as quickly as possible. Our commitment to that goal was the driving force behind our decision to enter into this agreement with Lilly.
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To get to closing, several steps remain, such as the approval of the merger by AtaiBeckley stockholders and receipt of required regulatory approvals. We currently expect closing in the third quarter of 2026.
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Lilly is a global leader in pharmaceutical innovation, making significant and sustained investments in neuroscience and brain health, with extensive late-stage development, manufacturing, and global commercial capabilities. It has a proven track record of bringing innovative medicines to millions of people around the world.
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Combining our pipeline with Lilly's scale, resources and experience will enable us to reach more patients around the world, faster than we could alone. Lilly's depth in research, clinical development, regulatory affairs, manufacturing, and global commercialization makes it an ideal home for BPL-003 and our broader pipeline including VLS-01 and EMP-01.
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Yes. Our differentiated programs broaden Lilly's growing neuroscience portfolio as it builds the next era of brain health: BPL-003 in treatment-resistant depression (TRD); VLS-01, which recently completed Phase 2b dosing in TRD; and EMP-01 in social anxiety disorder.
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Lilly's global research, clinical, regulatory, manufacturing, and commercial capabilities are exactly what our programs need to reach patients at scale.
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AtaiBeckley has an excellent foundation, and our pipeline, led by BPL-003, is advancing on plan. This was a strategic choice to accelerate patient impact.
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Our Board of Directors evaluated the transaction in a thoughtful and deliberate manner and concluded that Lilly is the best vehicle to realize the full potential of our science and to deliver compelling, certain value to our shareholders and employees today.
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We currently expect closing in the third quarter of 2026, subject to the satisfaction or waiver of customary closing conditions, including approval of the merger by AtaiBeckley stockholders and receipt of the required regulatory approvals.
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AtaiBeckley and Lilly will continue to operate as separate, independent companies prior to closing.
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As with any acquisition, governance, leadership and integration matters are addressed through Lilly's standard transaction processes.
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There are no planned changes to our programs at this time. Between now and close, we remain an independent company and will continue to focus on driving our clinical development efforts forward.
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Today's announcement is just the beginning of the process. Until closing, AtaiBeckley and Lilly will continue to operate as separate, independent companies. For both companies, it is business as usual.
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We need to remain focused on our day-to-day work, applying the same scientific rigor and patient focus that has defined everything we have done to date. Employees will continue to report to their current managers, and job responsibilities will remain unchanged.
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We expect to continue serving our patients exactly as we do today. Following closing, access to Lilly's global capabilities is expected to put us in an even stronger position to advance BPL-003 and our broader pipeline for patients living with serious mental health conditions.
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Integration planning is in process, and we expect further clarity over the coming weeks. For now, our leadership team will remain in their current roles. Lilly is committed to a thoughtful assessment of the business and plans to develop an organizational structure that draws on the best of both companies.
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AtaiBeckley stock will continue to trade until closing, after which it will be delisted from Nasdaq and deregistered under the Securities Exchange Act of 1934. Upon closing, AtaiBeckley will become a wholly owned subsidiary of Lilly.
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We are all at-will employees and you have the right to resign at any point. If you voluntarily resign prior to closing, your unvested equity awards will be forfeited in accordance with the terms of the plan and award agreement(s) under which they were granted.
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Details regarding the treatment of stock options, RSUs, and company shares will be provided in a separate communication. Key points to be aware of:
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Stock options: Information on vested and unvested options, including any exercise considerations prior to closing, will be covered in detail.
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RSUs: The treatment of unvested RSUs and vested-but-unsettled RSUs at closing will be specified.
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Company shares: If you own company stock (through option exercise, RSU settlement, or purchase), the conversion terms at closing will be explained.
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Voting rights: If you are a stockholder as of the record date, you will be entitled to vote on the transaction.
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Policy compliance: Any equity transactions prior to closing must comply with company policies, including insider trading policies and pre-clearance requirements.
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We will provide complete details on the transaction consideration and timing in forthcoming materials and will hold a separate session for employees with equity awards.
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Until closing, we expect to run AtaiBeckley as usual, and we expect that our benefit plans will continue at least through the end of the calendar year. We are early in the process and do not have every answer yet; we will communicate new information as decisions are made. Lilly is committed to working with us to ensure a smooth transition.
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No. Posting about the acquisition may create business and legal risks for you, AtaiBeckley, and Lilly. Please do not discuss, comment on, or respond to discussions on social media regarding the transaction. Public-company transactions are regulated by the U.S. Securities and Exchange Commission. Because we are all employees of AtaiBeckley, anything that we, as individuals, say publicly about the transaction could be attributed to the company and become subject to requirements under U.S. securities laws.
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For that reason, all communications about the transaction must come from designated company spokespeople and follow approved messaging.
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You may like or repost the AtaiBeckley company post without adding any comments of your own.
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