Lux Health Tech Acquisition in an 8-K filing said it issued a promissory note to its sponsor for a loan of up to $500,000. The sponsor may opt to convert any portion of the unpaid balance into warrants at $1.50 each.
Lux has said it’s pursuing a merger “with one or more businesses at the intersection of the healthcare and technology industries.”
The SPAC raised about $300 million in an October 2020 IPO. Read more.
