FOXO TECHNOLOGIES INC. (FOXO): debt financing — FOXO Technologies announces non-binding merger with M2i Global, issues $750K note

FOXO TECHNOLOGIES INC.

Non-binding agreement for proposed merger with M2i Global (OTC: MTWO), a critical-minerals supply-chain company.
M2i focuses on building a global supply chain for critical minerals for the U.S. government and creating a strategic mineral reserve.
Issued promissory note to ClearThink Capital for up to $750,000 with 12% interest (22% default), maturing Jan 30, 2025.
Interim CEO Mark White cites M2i management's track record and potential AI integration from FOXO's Kr8 partnership.
10% of future Strata Purchase Agreement proceeds must be used to repay the note until fully paid off.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FOXO TECHNOLOGIES INC. incurred loan of up to $750,000 with ClearThink Capital Partners, LLC at 12% per annum (22% after the occurrence of an Event of Default) maturing January 30, 2025.

Instrument: loan
Principal: up to $750,000
Counterparty: ClearThink Capital Partners, LLC
Rate: 12% per annum (22% after the occurrence of an Event of Default)
Maturity: January 30, 2025
Event: incurrence

Exact text from the filing

to issue to ClearThink a promissory note on January 30, 2024 in the principal amount of up to $750,000 (the “ Note ”). The Note matures on January 30, 2025 and has an interest rate of 12% per annum (22% after the occurrence of an Event of Default

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299 debt financings filed in the last 30 days. Browse all debt financings →

FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-014814

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