secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K/A
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001493152-24-034212
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO files financials for Myrtle Recovery acquisition; Myrtle had $1.1M net loss in 2023
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- Acquired 98.4% of Myrtle for $500k consideration: 1,023,629 FOXO shares ($0.23/share) plus $264,565 demand note.
- Myrtle's audited FY2023: net loss $1,086,357, revenue $139,550, negative equity $1,118,553.
- Myrtle's auditor notes substantial doubt as going concern due to recurring losses and working capital deficit of $1.4M.
- Myrtle operates two Tennessee-licensed behavioral health facilities; started accepting patients in Aug 2023.
- Pro forma financials filed for FOXO for six months ended June 30, 2024 and year ended Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224034212/0001493152-24-034212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224034212/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-034212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer