secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001493152-24-049376
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224049376/0001493152-24-049376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315224049376/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049376

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