FOXO swaps $21M debt for Series A Preferred; new CEO; settles $3M KR8 liability

FOXO TECHNOLOGIES INC.

Exchanged $21M of RCHI note principal for 21,000 shares of Series A Preferred Stock, boosting equity by ~$21M.
Terminated MSSA with KR8 AI Inc.; issued 3,000 shares of Series D Preferred Stock to settle $3M liability.
Seamus Lagan appointed CEO effective Dec 5, 2024; Mark White resigned as interim CEO and became CEO of FOXO Labs.
Issued $1.12M Senior Note for $1M cash; also issued $500K promissory note to Mark White, partially satisfied by Dec 31.
Filed Certificate of Designation for Series D Preferred Stock (10,000 shares authorized, no voting rights, convertible at optional terms).

item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 5.03 item 9.01

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 0.95

FOXO TECHNOLOGIES INC.: On December 6, 2024, FOXO Technologies Inc. filed a Certificate of Designation creating a new Series D Cumulative Convertible Redeemable Preferred Stock, authorizing up to 10,000 shares with specific voting, dividend, liquidation, and conversion rights (effective 2024-12-06).

Change: charter amendment
Effective: 2024-12-06

Exact text from the filing

On December 6, 2024, the Company filed amendments to the Company’s Certificate of Incorporation (the “ Certificate of Incorporation ”), in the form of a Certificate of Designation (the “ Designation ”) that authorized for issuance of up to 10,000 shares of a new series of Preferred Stock, par value $0.0001 per share, of the Company designated “Series D Cumulative Convertible Redeemable Preferred Stock” (the “ Series D Preferred Stock ”) and established the rights, preferences and limitations thereof.

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FOXO TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-049376

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