FOXO enters $5M equity line with ClearThink Capital Partners

FOXO TECHNOLOGIES INC.

FOXO may sell up to $5M of common stock to ClearThink at closing price, subject to registration.
Minimum draw $25K, max $1M per request; draws at least 10 business days apart.
ClearThink's beneficial ownership limited to 9.99%; registration statement must be filed within 60 days.
Finder J.H. Darbie & Co. receives 4% cash fee and a 5-year warrant with 110% exercise price.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FOXO TECHNOLOGIES INC. entered into Strata Purchase Agreement with ClearThink Capital Partners, LLC valued at up to an aggregate of $5,000,000 (effective 2024-02-01).

Action: entry
Agreement: equity purchase
Counterparty: ClearThink Capital Partners, LLC
Value: up to an aggregate of $5,000,000
Effective: 2024-02-01

Exact text from the filing

On February 1, 2024, FOXO Technologies Inc., a Delaware corporation (the “ Company ”), entered into a Strata Purchase Agreement (the “ Strata Purchase Agreement ”) with ClearThink Capital Partners, LLC (“ ClearThink ”). Pursuant to the Strata Purchase Agreement, after the satisfaction of certain commencement conditions, including, without limitation, the effectiveness of the Registration Statement (as defined below), ClearThink has agreed to purchase from the Company, from time to time upon delivery by the Company to ClearThink of request notices (each a “ Request Notice ”), and subject to the other terms and conditions set forth in the Strata Purchase Agreement, up to an aggregate of $5,000,000 of the Company’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”).

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FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-010905

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