FOXO executes non-binding agreement to acquire two Florida assisted living facilities for $60M

FOXO TECHNOLOGIES INC.

Total consideration $60M ($30M per facility), with a portion milestone-based.
Two facilities: 129 and 137 units. Definitive agreements targeted within 60 days, closing 60-120 days after.
Acquisitions subject to due diligence and financing; funding may include a new preferred stock series.
CEO Seamus Lagan cites recurring revenue and cash flow model; diversifies beyond current healthcare services.
Non-binding agreement; no assurance of successful outcome or financing.

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