other material
confidence high
sentiment neutral
materiality 0.65
FOXO Technologies completes automatic exchange of $3.46M Senior PIK Notes into Series B Preferred Stock
FOXO TECHNOLOGIES INC.
- Aggregate principal of $3,457,500 of 15% Senior PIK Notes cancelled and exchanged for 3,457.5 shares of Series B Preferred Stock.
- Automatic Exchange effective January 22, 2025 after shareholder approval via written consent on January 17, 2025.
- Accrued and unpaid interest on the Senior PIK Notes was waived as part of the exchange.
- Series B Preferred Stock is convertible into Class A Common Stock subject to NYSE American listing rules.