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FOXO Technologies | 424B3: Prospectus

SEC announcement ·  Feb 8 10:05
Summary by Moomoo AI
FOXO Technologies Inc. has announced the filing of a prospectus supplement to update and supplement information contained in its previous prospectus dated May 5, 2023. This filing is related to the issuance of up to 17,572,967 shares of Class A common stock and up to 632,500 private warrants. The shares and warrants are issuable upon the exercise of public, private, and assumed warrants, with exercise prices ranging from $6.21 to $11.50 per share. The prospectus supplement also covers the potential offer and resale of up to 5,288,364 shares of Class A common stock by selling securityholders. The company will not receive any proceeds from the sale of shares or warrants by the selling securityholders. The announcement also includes the entry into a Strata Purchase Agreement with ClearThink...Show More
FOXO Technologies Inc. has announced the filing of a prospectus supplement to update and supplement information contained in its previous prospectus dated May 5, 2023. This filing is related to the issuance of up to 17,572,967 shares of Class A common stock and up to 632,500 private warrants. The shares and warrants are issuable upon the exercise of public, private, and assumed warrants, with exercise prices ranging from $6.21 to $11.50 per share. The prospectus supplement also covers the potential offer and resale of up to 5,288,364 shares of Class A common stock by selling securityholders. The company will not receive any proceeds from the sale of shares or warrants by the selling securityholders. The announcement also includes the entry into a Strata Purchase Agreement with ClearThink Capital Partners, LLC, where ClearThink has agreed to purchase up to $5,000,000 of the company's Class A common stock. The agreement is subject to certain conditions, including the effectiveness of a registration statement. FOXO Technologies is listed on the NYSE American LLC under the symbol 'FOXO' and is considered an 'emerging growth company.'
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