secwatch.observer — SEC 8-K summary
======================================

Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001493152-24-048710
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224048710/0001493152-24-048710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224048710/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048710

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