---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-063557"
form_type: "8-K"
ticker: "FOXO"
cik: "0001812360"
company_name: "FOXO TECHNOLOGIES INC."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:10:05.503628+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FOXO closes Myrtle Recovery Centers acquisition for $500K in stock; issues shares for debt and exchange

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-063557
- form_type: 8-K
- ticker: FOXO
- cik: 0001812360
- company_name: FOXO TECHNOLOGIES INC.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812360/000121390024063557/0001213900-24-063557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812360/000121390024063557/ea0209874-8k_foxo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-063557
- JSON: https://secwatch.observer/filing/0001213900-24-063557.json
- Plain text: https://secwatch.observer/filing/0001213900-24-063557.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390024063557/0001213900-24-063557-index.htm

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