secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001213900-23-051024
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023051024/0001213900-23-051024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023051024/ea180793-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-051024

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