Summary by Moomoo AI
FOXO Technologies Inc., a company specializing in insurance within the technology sector, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice of securities offering. The filing, dated January 19, 2024, reports the successful sale of $457,470 worth of securities, specifically 1,300,000 shares of Class A Common Stock issued pursuant to an agreement with KR8 AI Inc. The offering, which does not intend to last more than a year, has been completed with the total amount offered being sold. The company, incorporated in Delaware in 2020, is led by interim CEO Mark White and interim CFO Martin Ward, among other executives. FOXO Technologies has claimed exemptions under Rule 506(b) and Securities Act Section 4(a)(5), and has declined to disclose the issuer size. The proceeds from the offering are not intended for payments to any executive officers, directors, or promoters.