secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0001213900-23-002518
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO Technologies to sell FOXO Life Insurance to Security National Life for ~$4.8M
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- Merger agreement signed Jan 10, 2023: FOXO Life merges into Security National Life Insurance.
- Merger consideration = FOXO Life's statutory capital and surplus (~$5M) minus $200,000.
- Seller (FOXO Technologies) pays Buyer's third-party costs plus $200,000.
- Closing subject to Arkansas and Utah insurance department approvals, expected by March 31, 2023.
- Post-closing, FOXO Technologies no longer needs to hold statutory capital for FOXO Life.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023002518/0001213900-23-002518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023002518/ea171602-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-002518

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