share_log

FOXO Technologies | 8-K: Current report

SEC announcement ·  Feb 7 12:46
Summary by Moomoo AI
On February 1, 2024, FOXO Technologies Inc., a Delaware-based corporation, entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC. Under the terms of the agreement, ClearThink has committed to purchasing up to $5,000,000 of FOXO Technologies' Class A common stock, at a price equal to the closing price on the purchase date. The agreement stipulates minimum purchase amounts of $25,000 and maximum amounts limited to the lesser of $1,000,000 or 300% of the average daily trading value of the common stock over the preceding ten days. Additionally, ClearThink's ownership is capped at 9.99% of the outstanding common stock. The agreement also includes a clause that requires FOXO Technologies to negotiate in good faith with ClearThink for any comparable future equity sales within 24 months...Show More
On February 1, 2024, FOXO Technologies Inc., a Delaware-based corporation, entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC. Under the terms of the agreement, ClearThink has committed to purchasing up to $5,000,000 of FOXO Technologies' Class A common stock, at a price equal to the closing price on the purchase date. The agreement stipulates minimum purchase amounts of $25,000 and maximum amounts limited to the lesser of $1,000,000 or 300% of the average daily trading value of the common stock over the preceding ten days. Additionally, ClearThink's ownership is capped at 9.99% of the outstanding common stock. The agreement also includes a clause that requires FOXO Technologies to negotiate in good faith with ClearThink for any comparable future equity sales within 24 months of the agreement. In connection with the Strata Purchase Agreement, FOXO Technologies also entered into a Registration Rights Agreement with ClearThink, agreeing to file a registration statement with the SEC within 60 days. J.H. Darbie & Co., Inc. acted as a finder for the transaction, and will receive a cash fee and a 5-year warrant to purchase shares of common stock as compensation. The agreement was signed by Mark White, CEO of FOXO Technologies Inc.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more