secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001213900-23-070277
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO raises $293K via stock sale; warns cash may run out by September 2023
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- Sold 1,834,375 shares at $0.08/share in first tranche; second tranche of same size pending reg statement effectiveness.
- Net proceeds of ~$132,075 from first tranche expected to fund operations only through early September 2023.
- Second tranche net proceeds (~$132,075) expected to fund operations through mid/end of September 2023.
- Company warns that without additional financing it may curtail operations, sell, or file for bankruptcy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023070277/0001213900-23-070277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023070277/ea184131-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-070277

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