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

Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001493152-25-010920
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO signs non-binding deal to acquire Vector Biosource for up to $1.5M in preferred stock
--------------------------------------------------------------------------------

- Purchase price includes $750K Series D Preferred at close, plus $750K upon 2025 milestones.
- Earnout payments in Series D Preferred based on 2026-2027 revenues and cash collections.
- Vector expects $800K revenue in 2025; closing subject to definitive agreements within 45 days.
- Transaction requires $1M working capital, due diligence, and other customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315225010920/0001493152-25-010920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315225010920/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-010920

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