---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-002151"
form_type: "8-K"
ticker: "FOXO"
cik: "0001812360"
company_name: "FOXO TECHNOLOGIES INC."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:08:23.930529+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FOXO lays off 4 employees, warns cash only through Oct 2023; explores sale or merger

## Summary
- Terminated 4 non-executive employees on Sep 29; now total 6 non-exec, 1 consultant, 2 execs, 2 non-employee directors.
- Cash conserved expected to fund operations only through October 2023; if no financing or strategic deal, may suspend operations, sell, or file bankruptcy.
- Exploring strategic alternatives including potential acquisition of KR8 AI, developing AI health tools, pausing life insurance sales.
- Obtained $42,500 loan from director Andrew Poole at 13.25% interest due on demand or in one year.
- Granted 2.5M shares each to Interim CEO Mark White and Interim CFO Martin Ward, fully vested immediately.

## SEC filing metadata
- accession: 0001013762-23-002151
- form_type: 8-K
- ticker: FOXO
- cik: 0001812360
- company_name: FOXO TECHNOLOGIES INC.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812360/000101376223002151/0001013762-23-002151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812360/000101376223002151/ea186388-8k_foxotech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-002151
- JSON: https://secwatch.observer/filing/0001013762-23-002151.json
- Plain text: https://secwatch.observer/filing/0001013762-23-002151.txt

## Key facts
- Debt Financings
  FOXO TECHNOLOGIES INC. incurred loan of $42,500 with Andrew J. Poole at 13.25% per annum maturing one year from the issuance date.
  - Instrument: loan
  - Principal: $42,500
  - Counterparty: Andrew J. Poole
  - Rate: 13.25% per annum
  - Maturity: one year from the issuance date
  - Event: incurrence
  source text: On October 2, 2023, FOXO Technologies Inc. (the “Company”) obtained a $42,500 loan from Andrew J. Poole, a director of the Company (the “Loan”), to be used to pay for the legal fees of Mitchell Silberberg & Knupp LLP through October 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000101376223002151/0001013762-23-002151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.