Population Health Investment Co., Inc. announced that it has issued 4,312,500 class B common shares at a price of $0.005797 per share for gross proceeds of $25,000 on September 17, 2020. The transaction included participation from new investor, Population Health Investment Holding, Inc. The shares will automatically convert into shares of class A common stock at the time of initial business combination, or earlier at the option of the investor. The shares may not, subject to certain limited exceptions, be transferred, assigned or sold by the investor.