Larkspur Health Acquisition Corp. announced that it has entered into a securities purchase agreement for a private placement of a convertible preferred shares and warrants for gross proceeds of approximately $7,000,000 on July 20, 2022. The closing of the transaction is conditional to the company obtaining an additional interim financing, and is also subject to the satisfaction of other customary closing conditions and a NASDAQ listing.

The company will issue securities pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.