m_and_a
confidence high
sentiment neutral
materiality 0.45
FOXO Technologies signs agreement to acquire Vector Biosource Inc.
FOXO TECHNOLOGIES INC.
- Purchase price: $500K cash, 60K Series E Preferred ($1.5M stated value), warrants for $2M common stock at 10% premium to closing price.
- Up to additional 80K Series E Preferred shares ($2M stated value) contingent on future revenue and cash collection milestones.
- FOXO to fund up to $1.2M for Vector's growth initiatives; Vector had Q2 2025 net revenue of ~$225K ($0.9M annualized).
- Closing subject to due diligence, finalization of warrant and employment agreements; expected as soon as practical.
- Vector provides data and biospecimen sourcing for biotech, clinical research, and pharma industries.
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