Lux Health Tech Acquisition Corp.
LUXA · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
The last figure filed while this was still a SPAC.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from Class Percentage of Outstanding Common Stock Lux Encore Sponsor, LP, listed on Nasdaq in October 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 28 October 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 920 BROADWAY 11TH FLOOR, NEW YOK, NY, 10010
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Wolfe Josh · Hebert Peter (Director) · Salehizadeh Bijan (Director)
- Listed securities
- LUXA common
As last filed, 7 October 2022. That was the account's last filed value before it was settled — the company does not hold it now.
source: 8-K acc 0001564590-22-033801
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
- $10.04 a share is the last cash figure filed while this was still a SPAC. It is a record of what the account held, not money anyone can ask for now.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 28 October 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsLUXA is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Lux Health Tech Acquisition Corp. was a blank-check company classified under SEC SIC industry code 6770, with its common stock listed on the Nasdaq Stock Market under the ticker LUXA. The company priced its initial public offering on October 28, 2020, per a 424B prospectus. On October 7, 2022, it filed an 8-K announcing the redemption of all outstanding 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 were deemed cancelled, and the company wound up and returned the trust cash to shareholders.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Retaining the $5,000,001 net tangible asset condition is protective: heavy redemption ends the vehicle and returns trust cash rather than letting it continue hollowed out. LUXA's filed trust value is around $10.04 per share. The structure also withdraws a portion of the trust for redeeming holders while the remainder stays available for a combination, so the per-share value for those who stay is preserved. Lux ultimately liquidated.
The auditor's report carries a going-concern explanatory paragraph even though the company has positive working capital and two years to run - the doubt is tied to the mandatory liquidation date and the cost of pursuing a target, not to insolvency. This is the pattern that spread across the 2021 SPAC audits, and treating it as distress would misread the filing. The trust earned $3,404 in two months on $345m, so nothing inside it funds the runway. Figures are as of December 31, 2020.
No trust account existed during the period, so the cover-page count of 34,500,000 Class A shares at December 8, 2020 has no balance-sheet counterpart, as expected for a pre-IPO stub. The sponsor note grew to about $172,000 after quarter end and was repaid in full on October 30, 2020. Note that the Note 1 heading includes the words Going Concern, but the filing raises no substantial doubt: management states it has sufficient working capital and borrowing capacity for at least one year from the filing date.
This is the operative pricing document for Lux Health Tech's securities. It states two warrant call triggers, at $10.00 and at $18.00 per Class A share, adjusting to 100% and 180% of the higher of the Market Value and the Newly Issued Price, and an exercise period beginning on the later of 30 days after the initial business combination and 12 months from the closing of the offering. If no business combination is completed within 24 months from closing, 100% of the public shares are redeemed for cash.
The economics a holder is exposed to are stated here: deferred underwriting of $0.35 per unit ($10,500,000, up to $12,075,000 on full overallotment) placed in the trust and released only on completion of a business combination, and redemption of 100% of the public shares for cash if no initial business combination is completed within 24 months from the closing of the offering. Two warrant call triggers are described, at $10.00 and at $18.00 per Class A share, adjusting to 100% and 180% of the higher of the Market Value and the Newly Issued Price..
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: Lux Health Tech Acquisition Corp. called a special meeting for October 13, 2022 at 9:00 a.m. Pacific Time on an Extension Amendment, with the proxy dated September 20, 2022 and a September 12, 2022 record date. The Company will not proceed if redemptions leave it with less than $5,000,001 of net tangible assets, and up to $100,000 is set aside for dissolution expenses. The Sponsor would provide a per-share Extension Payment as a loan, deposited on or before the 29th of each calendar month, extending the Combination Period one month at a time up to six times until April 29, 2023. Why it matters: Retaining the $5,000,001 net tangible asset condition is protective: heavy redemption ends the vehicle and returns trust cash rather than letting it continue hollowed out. LUXA's filed trust value is around $10.04 per share. The structure also withdraws a portion of the trust for redeeming holders while the remainder stays available for a combination, so the per-share value for those who stay is preserved. Lux ultimately liquidated.
- What changed vs 2022-05-13trust $345.1M → $345.5M +0%
trust account, going-concern doubt, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $345.1M$345.5M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $481,575 was added to the trust between the two filings.
The clause …“expenses 125,834 236,453 Total current assets 151,113 654,274 Investments held in Trust Account 345,533,790 345,025,321 Total Assets $ 345,684,903 $ 345,679,595 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“completion of a Business Combination. In connection with our assessment of going concern considerations, in accordance with ASC Topic 205-40, “Presentation of Financial Statements - Going Concern,” we determined that the mandatory”…
The clause …“and payable. At June 30, 2022 and December 31, 2021, the principal amount of $ 500,000 was outstanding under the Convertible promissory note - related party. This Company elected to measure the Convertible promissory note - related”…
The clause “166,087 Commitments and Contingencies Class A common stock, $ 0.0001 par value; 34,500,000 shares subject to possible redemption at $ 10.001 and $ 10.000 per share at June 30, 2022 and December 31, 2021, respectively 345,031,707”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-11-16trust $345.0M → $345.1M +0%
trust account, sponsor loans outstanding, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $345.0M$345.1M
- Sponsor loans outstanding
- not previously extracted$500K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $32,912 was added to the trust between the two filings.
The clause …“expenses 209,778 236,453 Total current assets 338,395 654,274 Investments held in Trust Account 345,052,215 345,025,321 Total Assets $ 345,390,610 $ 345,679,595 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“and payable. At March 31, 2022 and December 31, 2021, the principal amount of $ 500,000 was outstanding under the Convertible promissory note - related party. This Company elected to measure the C onvertible promissory note - related”…
The clause …“outstanding under Working Capital Loans. In connection with our assessment of going concern considerations, in accordance with ASC Topic 205-40, “Presentation of Financial Statements - Going Concern,” we determined that the mandatory”…
The clause “166,087 Commitments and Contingencies Class A common stock, $ 0.0001 par value; 34,500,000 shares subject to possible redemption at $ 10.00 per share at March 31, 2022 and December 31, 2021 345,000,000 345,000,000 Stockholders' Deficit:”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Class Percentage of Outstanding Common Stock Lux Encore Sponsor, LPnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/3 · 100.0% of the $10 unit
from 424B4 0001564590-20-048103
Trading & liquidity
Company profile
Directors & officers
- Wolfe Josh10% owner
- Hebert PeterDirector
- Salehizadeh BijanDirector
- Scarborough SegoleneCFO and Treasurer
- MOLL FREDERIC HDirector
- KERREY J ROBERTDirector
- DeFonzo JoshuaChief Executive Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
8 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- MANULIFE FINANCIAL CORPwith 1 other reporting person on the same schedule8.3% · SC 13GFeb 3, 2021 stale
- Weiss Asset Management LPwith 2 other reporting persons on the same schedule7.8% · SC 13GFeb 11, 2022 stale
- Wolfswood Holdings, LLC5.8% · SC 13G/AJun 4, 2021 stale
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule5.2% · SC 13GJan 25, 2021 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 5 other reporting persons on the same schedule3.7% · SC 13G/AFeb 3, 2022 stale
- Sculptor Capital LP0.3% · SC 13GMay 24, 2022 stale
- Lux Encore Sponsor, LPwith 3 other reporting persons on the same schedule0.0% · SC 13G/AJan 19, 2023 stale
- D1 Capital Partners L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — LUXA (Lux Health Tech Acquisition Corp.)
vault-note · /vault/tickers/LUXA
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail3 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001564590-20-048103 priced 2020-10-28; common ticker LUXA off 8-K 0001564590-22-033801 (2022-10-07); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001564590-22-033801 (2022-10-07) — announced redemption of all public shares: “…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 rep…”. Trust at settlement $10.04/share, stated in that filing. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001564590-20-048103). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "Class Percentage of Outstanding Common Stock Lux Encore Sponsor, LP" sourced from prospectus definition (10-K/A) acc 0001564590-21-032007.