HealthCor Catalio Acquisition Corp. announced that it has entered into a shares purchase agreement for a private placement of 560,000 class A ordinary shares at a price of $10 per share for gross proceeds of $5,600,000 on January 26, 2021. The transaction will include participation from returning investor HC Sponsor LLC. The securities issued will not be transferable, assignable or salable until 30 days after the completion of the initial business combination of the company. The company has granted an over-allotment option for 54,000 shares to the underwriters.