---
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"
generated_at: "2026-06-08T05:22:00.624935+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FOXO settles lawsuit for $2.3M cash; agrees to use 25% of equity financing proceeds toward payment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-086132
- JSON: https://secwatch.observer/filing/0001213900-23-086132.json
- Plain text: https://secwatch.observer/filing/0001213900-23-086132.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Smithline Family Trust II, as Assignee of Puritan Partners LLC
  - Value: $2,300,000 in cash
  - Effective: 2023-11-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390023086132/0001213900-23-086132-index.htm

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