FOXO Technologies issues 7M shares to settle convertible debenture claims with two investors

FOXO TECHNOLOGIES INC.

Issued 7,035,000 shares to Baboon Partners and Inpixon as consideration for release of claims related to 2022 convertible debentures.
Shares represent 0.67 shares per $1 of subscription amount; total shares outstanding post-issuance ~46.5M.
Shares are restricted; company must file resale registration within 30 days and keep it evergreen for 12 months.
The release covers all claims up to the effective date; investors gave up any future claims against FOXO.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FOXO TECHNOLOGIES INC. entered into General Release Agreements with Baboon Partners, LLC and Inpixon (effective 2023-06-16).

Action: entry
Agreement: settlement
Counterparty: Baboon Partners, LLC and Inpixon
Effective: 2023-06-16

Exact text from the filing

FOXO Technologies Inc. (the “Company”) entered into two separate general release agreements with each of Baboon Partners, LLC (“Baboon Partners”) and Inpixon (collectively, with Baboon Partners, the “Investors”), dated as of June 16, 2023 and June 20, 2023, respectively (collectively, the “General Release Agreements”).

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-051024

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