Summary by Moomoo AI
FOXO Technologies Inc., a company specializing in insurance within the financial sector, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice with the date of first sale on March 5, 2024. The filing, which was signed by Interim CEO Mark White on March 19, 2024, states that the offering is not being made in connection with a business combination transaction. The Minneapolis-based company, incorporated in Delaware in 2020, has completed the sale of $142,200 worth of securities, specifically 450,000 shares of Class A Common Stock issued pursuant to an agreement with Tysadco Partners. The offering, which FOXO Technologies does not intend to last more than one year, has claimed exemptions under Rule 506(b) and Securities Act Section 4(a)(5). The company has declined to disclose its revenue range or aggregate net asset value and has reported that no sales commissions or finders' fees will be paid in connection with the offering.