FOXO TECHNOLOGIES INC. (FOXO): M&A transaction — FOXO closes Myrtle Recovery Centers acquisition for $500K in stock; issues shares for debt and exchange

FOXO TECHNOLOGIES INC.

Acquired 98.4% of Myrtle Recovery Centers stock for up to 1,023,629 FOXO shares (valued at ~$500,000 at VWAP).
Closing approved effective June 14, 2024; purchase price may adjust based on Myrtle EBITDA variance >10%.
Issued 80,600 shares to Smithline Family Trust II under exchange agreement dated May 28, 2024.
Issued 1,108,755 shares to note purchaser for $840,000 senior note under Section 4(a)(2)/Rule 506(b).
All securities issued without registration; no sales commissions paid.

item 2.01 item 3.02

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FOXO TECHNOLOGIES INC. completed an acquisition involving Rennova Health, Inc. for $500,000 (closed 2024-07-17).

Action: acquisition
Counterparty: Rennova Health, Inc.
Consideration: $500,000
Closing: 2024-07-17

Exact text from the filing

exchange with the Company 100 shares of Common Stock of Myrtle (which represents 98.4% of the issued and outstanding shares of Myrtle Common Stock) for total consideration of $500,000 (the “ Myrtle Purchase Price ”), which payment will be made by the issuance of a number of shares of Class A Common Stock of the Company determined by dividing $500,000 by the

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-063557

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