LUXA SEC filings, in plain English
Everything Lux Health Tech Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 3 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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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.
- What changed vs 2021-03-19trust $345.0M → $345.0M +0%shares 32.9M → 34.5M +5%
trust account, redeemable shares, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $345.0M$345.0M
- Redeemable shares
- 32.9M34.5M
- Combination deadline
- 2022-10-29 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- We intend to focus our search for a target business at the i… · unchanged
SpacBrain reads this as $21,749 was added to the trust between the two filings.
The clause …“expenses 236,453 448,780 Total current assets 654,274 1,086,605 Investments held in Trust Account 345,025,321 345,003,572 Total Assets $ 345,679,595 $ 346,090,177 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
SpacBrain reads this as 1,617,497 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, as of December 31, 2021 and 2020, 34,500,000 shares of Class A common stock subject to possible redemption were presented as temporary equity, outside of the stockholders’ deficit section of”…
The clause …“timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete an initial business combination by October 29, 2022, unless we provide our”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of December 31, 2021, we had approximately $418,000 in cash and a working capital of”…
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 2021-08-13trust $345.0M → $345.0M +0%shares 30.5M → 34.5M +13%
trust account, redeemable shares, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $345.0M$345.0M
- Redeemable shares
- 30.5M34.5M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $5,301 was added to the trust between the two filings.
The clause …“expenses 64,613 448,780 Total current assets 192,664 1,086,605 Investments held in Trust Account 345,019,303 345,003,572 Total Assets $ 345,211,967 $ 346,090,177 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
SpacBrain reads this as 3,998,853 more shares carry a redemption right.
The clause …“Class A common stock subject to possible redemption, $ 0.0001 par value; 34,500,000 shares subject to possible redemption at $ 10.00 per share at September 30, 2021 and December 31, 2020 345,000,000 345,000,000 Stockholders'”…
The clause …“obligations and sustain its operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
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 2021-06-29trust $345.0M → $345.0M +0%shares 30.3M → 30.5M +1%
trust account, redeemable shares, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $345.0M$345.0M
- Redeemable shares
- 30.3M30.5M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $5,244 was added to the trust between the two filings.
The clause …“expenses 214,152 448,780 Total current assets 492,926 1,086,605 Investments held in Trust Account 345,014,002 345,003,572 Total Assets $ 345,506,928 $ 346,090,177 Liabilities and Stockholders' Equity: Current liabilities: Accounts”…
SpacBrain reads this as 201,114 more shares carry a redemption right.
The clause “674,137 Commitments and Contingencies Class A common stock, $ 0.0001 par value; 30,501,147 and 28,541,603 shares subject to possible redemption at $ 10.00 per share at June 30, 2021 and December 31, 2020, respectively 305,011,470”…
The clause …“obligations and sustain its operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
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 2020-12-09going concern APPEARED
going-concern doubt, trust account, redeemable shares +11 moved · 3 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$345.0M
- Redeemable shares
- not previously extracted30.3M
- Sponsor loans outstanding
- $172Knot matched in this filing
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“obligations and sustain its operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
The clause …“expenses 369,993 448,780 Total current assets 787,432 1,086,605 Investments held in Trust Account 345,008,758 345,003,572 Total Assets $ 345,796,190 $ 346,090,177 Liabilities and Stockholders' Equity: Current liabilities: Accounts”…
The clause …“Commitments and Contingencies Class A common stock, $0.0001 par value; 30,300,033 and 28,541,603 shares subject to possible redemption at $10.00 per share at March 31, 2021 and December 31, 2020, respectively 303,000,330”…
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: FY2020 10-K, the first for a company incorporated September 1, 2020. Lux Health Tech's October 29, 2020 IPO of 34,500,000 units placed $345,000,000 in trust; the trust held $345,003,572 at December 31, 2020, having earned $3,404. 32,882,503 Class A shares are carried as redeemable at $10.00 ($328,825,030), leaving 1,617,497 Class A and 8,625,000 Class B. Cash outside trust about $0.6m and working capital about $1.0m. Total liabilities $12,265,137, almost all the $12,075,000 deferred underwriting fee. Deadline October 29, 2022. Why it matters: 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.
What changed: A pre-IPO stub 10-Q covering inception on September 1, 2020 through September 30, 2020. Total assets were $381,418, being $25,000 of cash and $356,418 of deferred offering costs, against $379,268 of current liabilities including $282,472 of accrued expenses, $15,940 of franchise tax payable and a $65,250 sponsor note, so the working capital deficit was about $354,000. Equity was $2,150 and the net loss since inception was $22,850. 8,625,000 Class B shares were outstanding, up to 1,125,000 forfeitable, and no Class A stock existed. Why it matters: 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.
In plain English
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.
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.
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.