Lux Health Tech Acquisition Taps Sponsor for Loan up to $500K

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.

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