FOXO Technologies authorizes Series B and C Preferred Stock; up to 12,500 shares total

FOXO TECHNOLOGIES INC.

Board authorized 7,500 Series B and 5,000 Series C preferred shares, $1,000 stated value each.
Series B convertible after 1-year anniversary; conversion price = higher of $0.05 or 90% of 5-day VWAP.
Series C convertible after 6 months or registration effective; conversion price = higher of $0.03 or 90% of 5-day VWAP.
Both series carry cumulative quarterly dividends, starting March 15, 2025.
Voting capped at 19.99% until stockholder approval; pro-rata liquidation preference with other common equivalents.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FOXO TECHNOLOGIES INC.: Authorized issuance of Series B and Series C Cumulative Convertible Redeemable Preferred Stock and established their rights, preferences and limitations (effective 2024-11-27).

Change: charter amendment
Effective: 2024-11-27

Exact text from the filing

On November 27, 2024, FOXO Technologies Inc. a Delaware corporation (the “ Company ” or the “ Corporation ”) filed amendments to the Company’s Certificate of Incorporation (the “ Certificate of Incorporation ”), in the form of two Certificates of Designation (the “ Designations ”) that authorized for issuance of up to 7,500 shares of a new series of Preferred Stock, par value $0.0001 per share, of the Company designated “Series B Cumulative Convertible Redeemable Preferred Stock” (the “ Series B Preferred Stock ”) and that authorized for issuance of up to 5,000 shares of a new series of Preferred Stock, par value $0.0001 per share, of the Company designated “Series C Cumulative Convertible Redeemable Preferred Stock” (the “ Series C Preferred Stock ”) and established the rights, preferences and limitations thereof.

View on SEC.gov

89 governance changes filed in the last 30 days. Browse all governance changes →

FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-048710

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.