{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-086132","form_type":"8-K","ticker":"FOXO","cik":"0001812360","company_name":"FOXO TECHNOLOGIES INC.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.600730+00:00","generated_at":"2026-06-08T05:22:00.624935+00:00","sec_items":["1.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"FOXO settles lawsuit for $2.3M cash; agrees to use 25% of equity financing proceeds toward payment","bullets":["Cash settlement of $2.3M due within 12 months; $300k targeted by Dec 31, 2023.","Company must pay 25% of gross proceeds from any equity financing to Smithline within 2 days.","No registration statements (except specified) may be filed until $300k is paid to Smithline.","Warrant held by Smithline extended to Feb 2025 if full payment not made by Feb 2024; converted to $3.5M debt if bankruptcy.","Company restricted from paying KR8 AI >$100k/mo (first 3 mos) and cannot pay former CEO Jon Sabes until settlement satisfied."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-086132","json":"https://secwatch.observer/filing/0001213900-23-086132.json","markdown":"https://secwatch.observer/filing/0001213900-23-086132.md","text":"https://secwatch.observer/filing/0001213900-23-086132.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812360/000121390023086132/0001213900-23-086132-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812360/000121390023086132/ea188206-8k_foxotech.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:22:00.624935+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a8d34e6ae334a56d272c4766cb8e4956ca9f642","claim":"FOXO TECHNOLOGIES INC. entered into Settlement Agreement with Smithline Family Trust II, as Assignee of Puritan Partners LLC valued at $2,300,000 in cash (effective 2023-11-07).","evidence_excerpt":"On November 7, 2023, Smithline, on the one hand, and the Company and its subsidiaries, on the other hand, entered into a settlement agreement (the “Settlement Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812360/000121390023086132/0001213900-23-086132-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Smithline Family Trust II, as Assignee of Puritan Partners LLC"},{"label":"Value","value":"$2,300,000 in cash"},{"label":"Effective","value":"2023-11-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}