secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001493152-24-036064
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO acquires Rennova Community Health for $22M note plus $100 cash; appoints two directors
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- Acquired all RCHI equity for $100 cash and a $22M senior note (subject to EBITDA adjustments) from RCHI to Rennova Health.
- Note bears 8% interest for first six months, then 12%; matures Sept 10, 2026; secured by RCHI assets and guaranteed by FOXO.
- Appointed Seamus Lagan and Trevor Langley to the board, effective Sept 10, 2024.
- Principal repayments equal 10% of RCHI free cash flow; note reduced by 25% of FOXO equity proceeds.
- Board expanded to five members; closing effective Sept 10, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224036064/0001493152-24-036064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224036064/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036064

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