LMF Acquisition Opportunities Inc. announced that it has entered into a purchase agreement with returning investor, LMFAO Sponsor, LLC for a private placement of 5,198,000 warrants at an issue price of $1 per warrant for gross proceeds of $5,198,000 on September 11, 2020. The company will issue 5,738,000 warrants if the over-allotment option is exercised in full in the transaction. Each warrant shall entitle the holder to purchase common shares of the company, at the price of $11.50 per share, subject to the adjustments, during the exercise period commencing on the later of: (i) the date that is 30 days after the first date on which the company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or more businesses or the date that is 12 months from the date of the closing of the public offering, and terminating at 5:00 p.m., New York City time on the earlier to occur of the date that is five years after the date on which the company completes its initial business combination; the liquidation of the company. The warrants are non-redeemable and may not be transferred, assigned or sold until 30 days after the completion by the company of an initial business combination.