Lux Health Tech Acquisition Corp. announced that it has entered into a securities purchase agreement with returning investor Lux Encore Sponsor, Lp for private placement of unsecured promissory note for a gross proceeds of $500,000 on December 3, 2021. The unsecured promissory note will bear no interest rate and is repayable in full upon consummation initial business combination. The notes are convertible in whole or in part, to warrants of the company, at a price of $1.50 per warrant. The securities will be offered and sold under Section 4(a)(2) of the Securities Act of 1933.