secwatch.observer — SEC 8-K summary
======================================

Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001213900-24-004834
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO enters AI licensing deal with KR8 AI; pays $2.5M fee, issues 1.3M shares
-----------------------------------------------------------------------------

- Master Software & Services Agreement with KR8 AI for AI epigenetic app; territory US/Canada/Mexico.
- Initial license and development fee of $2,500,000; monthly maintenance $50,000; 15% royalty on subscriber revenues.
- Issued 1,300,000 shares of common stock to Licensor in unregistered sale under Rule 506(b).
- Related party: FOXO's Interim CEO and Interim CFO each are equity owners of KR8 AI.
- Perpetual term unless terminated for uncured breach; licensee may terminate with 90 days' notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390024004834/0001213900-24-004834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390024004834/ea191887-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-004834

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer