---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-051024"
form_type: "8-K"
ticker: "FOXO"
cik: "0001812360"
company_name: "FOXO TECHNOLOGIES INC."
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:14:34.612028+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-051024
- form_type: 8-K
- ticker: FOXO
- cik: 0001812360
- company_name: FOXO TECHNOLOGIES INC.
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812360/000121390023051024/0001213900-23-051024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812360/000121390023051024/ea180793-8k_foxotech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-051024
- JSON: https://secwatch.observer/filing/0001213900-23-051024.json
- Plain text: https://secwatch.observer/filing/0001213900-23-051024.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390023051024/0001213900-23-051024-index.htm

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