secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001213900-23-077799
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 5.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO Technologies CEO and CSO resign, new interim CEO/CFO appointed; warns of funding only through early October.
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- Tyler Danielson resigned as Interim CEO and CTO; Brian Chen resigned as CSO; Michael Will terminated as GC, now contractor.
- Mark White appointed Interim CEO and director; Martin Ward appointed Interim CFO; both also executives at KR8 AI under evaluation for acquisition.
- Issued $643k in shares/rights to law firm MSK and $221.5k in shares to investment bank JGUN to settle past-due payables.
- Obtained $247k loan from director Andrew Poole for D&O insurance.
- Workforce reduced to 11 employees/consultants; cash runway only through early Oct 2023; may be forced to sell, restructure, or file bankruptcy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023077799/0001213900-23-077799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390023077799/ea185448-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-077799

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