Viveon Health Acquisition Corp. announced that it has entered into a warrants purchase agreement for a private placement of 16,470,000 warrants at a price of $0.50 per warrant with Viveon Health LLC for gross proceeds of $8,235,000 on December 3, 2020. The company will grant an over-allotment option to purchase additional 1,530,000 warrants. Each warrant exercisable for one- half of a share of common stock at $11.50 per share, at a price of $0.50 per warrant, in a private placement to occur concurrently with the closing of this offering. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. The securities are subject to a hold period.