secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001213900-24-063557
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390024063557/0001213900-24-063557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390024063557/ea0209874-8k_foxo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-063557

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