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FOXO Technologies | 424B3: Prospectus

SEC announcement ·  Feb 8 10:05
Summary by Moomoo AI
FOXO Technologies Inc. has filed a prospectus supplement with the Securities and Exchange Commission (SEC) on February 8, 2024, to update and supplement information contained in a previous prospectus dated July 6, 2023. This filing relates to the potential offer and resale of up to 19,312,823 shares of Class A common stock by selling stockholders. The shares include those issued through warrant exchanges, consent solicitations, and general releases to certain stockholders. The company will not receive proceeds from the sale of shares by the selling stockholders. The Class A common stock is listed on the NYSE American LLC under the symbol 'FOXO.' On February 7, 2024, the closing price of the Class A common stock was $0.3614, and the closing price of the public warrants was $0.0011. Additionally, FOXO...Show More
FOXO Technologies Inc. has filed a prospectus supplement with the Securities and Exchange Commission (SEC) on February 8, 2024, to update and supplement information contained in a previous prospectus dated July 6, 2023. This filing relates to the potential offer and resale of up to 19,312,823 shares of Class A common stock by selling stockholders. The shares include those issued through warrant exchanges, consent solicitations, and general releases to certain stockholders. The company will not receive proceeds from the sale of shares by the selling stockholders. The Class A common stock is listed on the NYSE American LLC under the symbol 'FOXO.' On February 7, 2024, the closing price of the Class A common stock was $0.3614, and the closing price of the public warrants was $0.0011. Additionally, FOXO Technologies entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC, agreeing to sell up to $5,000,000 of Class A common stock. The purchase price will be equal to the closing price of the common stock on the purchase date. The agreement includes conditions such as minimum purchase amounts, spacing between purchase notices, and ownership limitations. The company also entered into a Registration Rights Agreement with ClearThink, committing to file a registration statement for the shares issuable under the Strata Purchase Agreement. A finder's fee agreement is in place with J.H. Darbie & Co., Inc., which will receive a cash fee and a warrant to purchase shares of common stock based on the amount raised from these transactions.

This announcement is a separate document:

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