---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-009299"
form_type: "8-K"
ticker: "FOXO"
cik: "0001812360"
company_name: "FOXO TECHNOLOGIES INC."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:57:59.269173+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FOXO Technologies completes sale of FOXO Life Insurance to Security National for $4.65M net cash

## Summary
- Closed sale of FOXO Life Insurance Company to Security National Life Insurance Co. on Feb 3, 2023.
- Net cash proceeds of $4,651,407 after $200K deduction and $50,849 in buyer's expenses.
- FOXO Life held Arkansas insurance license and statutory capital of $5,002,256 at closing.
- Remaining $100,000 of statutory capital expected to be accessed shortly after closing.

## SEC filing metadata
- accession: 0001213900-23-009299
- form_type: 8-K
- ticker: FOXO
- cik: 0001812360
- company_name: FOXO TECHNOLOGIES INC.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812360/000121390023009299/0001213900-23-009299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812360/000121390023009299/ea172989-8k_foxotech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-009299
- JSON: https://secwatch.observer/filing/0001213900-23-009299.json
- Plain text: https://secwatch.observer/filing/0001213900-23-009299.txt

## Key facts
- M&A Transactions
  FOXO TECHNOLOGIES INC. completed a disposition involving Security National Life Insurance Company for $5,002,256, as of the Closing Date, minus $200,000 (closed 2023-02-03).
  - Action: disposition
  - Counterparty: Security National Life Insurance Company
  - Consideration: $5,002,256, as of the Closing Date, minus $200,000
  - Closing: 2023-02-03
  source text: all of Seller’s shares were cancelled and retired and ceased to exist in exchange for the assignment to the Seller of FOXO Life’s statutory capital and surplus amount of $5,002,256, as of the Closing Date, minus $200,000 (the “Merger Consideration”). As of the date of this Current Report on Form 8-K, the Company has $100,000 of statutory capital and surplus
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390023009299/0001213900-23-009299-index.htm

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