Item 7.01 Regulation FD Disclosure
On October 7, 2022, Lux Health Tech Acquisition Corp. (the "Company") issued a
press release announcing that it has cancelled its special meeting of
stockholders that was previously scheduled for 9:00 AM Pacific time on October
13, 2022, and that, because the Company will not consummate an initial business
combination within the time period required by its Second Amended and Restated
Certificate of Incorporation, the Company intends to dissolve and liquidate,
effective as of the close of business on October 29, 2022, and will redeem all
of the outstanding shares of Class A common stock that were included in the
units issued in its initial public offering (the "Public Shares"), at a
per-share redemption price of approximately $10.04.
As of the close of business on October 29, 2022, the Public Shares will be
deemed cancelled and will represent only the right to receive the redemption
amount. Record holders will receive their pro rata portion of the proceeds of
the trust account by delivering their Public Shares to Continental Stock
Transfer & Trust Company, the Company's transfer agent. Beneficial owners of
Public Shares held in "street name," however, will not need to take any action
in order to receive the redemption amount. The redemption of the Public Shares
is expected to be completed within ten business days after October 29, 2022.
The Company's sponsor has agreed to waive its redemption rights with respect to
its outstanding Class B common stock issued prior to the Company's initial
public offering. There will be no redemption rights or liquidating distributions
with respect to the Company's warrants, which will expire worthless.
The Company expects that Nasdaq will file a Form 25 with the United States
Securities and Exchange Commission (the "Commission") to delist the Company's
securities. The Company thereafter expects to file a Form 15 with the Commission
to terminate the registration of its securities under the Securities Exchange
Act of 1934, as amended.
A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
The information in this Current Report on Form 8-K, including Exhibit 99.1, is
being furnished pursuant to Item 7.01 and shall not be deemed "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise be subject to the liabilities of that section, nor
shall it be deemed to be incorporated by reference into any of the filings of
the Company under the Securities Act of 1933, as amended, or the Exchange Act,
whether made before or after the date hereof, regardless of any general
incorporation language in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
99.1 Press Release, dated October 7, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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