---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-037606"
form_type: "8-K"
ticker: null
cik: "0000931059"
company_name: "Rennova Health, Inc."
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T03:24:22.283370+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rennova Health sells two subsidiaries to FOXO; receives $22M note and minimal cash

## Summary
- Exchanges RCHI (owns Scott County Community Hospital) for $100 cash and a $22M senior secured note from RCHI, due Sept 2026, interest 8% first 6 months then 12%.
- Note guaranteed by FOXO and Scott County; requires principal repayments equal to 10% of free cash flow from RCHI/Scott County.
- Myrtle Recovery Centers sale closed June 14, 2024; received $235k in FOXO shares (issued July 17, 2024) and a demand note for $265k balance.
- FOXO board expanded to five; Rennova CEO Seamus Lagan and director Trevor Langley elected to FOXO board on Sept 10, 2024.
- Rennova may exchange note for FOXO Series A Preferred Stock at $1 stated value per $1 of note, subject to shareholder approval.

## SEC filing metadata
- accession: 0001493152-24-037606
- form_type: 8-K
- cik: 0000931059
- company_name: Rennova Health, Inc.
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931059/000149315224037606/0001493152-24-037606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931059/000149315224037606/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037606
- JSON: https://secwatch.observer/filing/0001493152-24-037606.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037606.txt

## Key facts
- M&A Transactions
  Rennova Health, Inc. completed a disposition involving FOXO Technologies Inc. for $500,000, payable in shares of FOXO's Class A Common Stock (closed 2024-06-14).
  - Action: disposition
  - Counterparty: FOXO Technologies Inc.
  - Consideration: $500,000, payable in shares of FOXO's Class A Common Stock
  - Closing: 2024-06-14
  source text: The first agreement (the “Myrtle Agreement”) provided for the Company to exchange all of its equity interest in its subsidiary, Myrtle Recovery Centers, Inc. (“Myrtle”) for $500,000, payable in shares of FOXO’s Class A Common Stock (the “FOXO Common Stock”). This transaction closed on June 14, 2024. On June 25, 2024, the parties to the Myrtle Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/931059/000149315224037606/0001493152-24-037606-index.htm

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