secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001493152-24-042270
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO files Series A Preferred Stock designation; Illumina judgment and PIK note lawsuits disclosed
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- Authorized 35,000 shares of Series A Preferred Stock at $1,000 stated value, 5% cumulative dividend, convertible into common, voting limited to 19.99% until NYSE American approval.
- Illumina, Inc. won $821,670 judgment; FOXO in discussions to settle via equity exchange.
- Senior PIK noteholders filed two lawsuits for $378,625 and $757,250; amendment exchanges $4.7M notes into Series B Preferred Stock.
- Series B Preferred Stock has one vote per share, no conversion for one year; exchange subject to stockholder approval and expected to settle lawsuits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224042270/0001493152-24-042270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224042270/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-042270

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