m_and_a
confidence high
sentiment neutral
materiality 0.50
FOXO acquires Vector BioSource for $500K cash, Series E shares, and warrants
FOXO TECHNOLOGIES INC.
- Purchase price includes $500K cash, 60,000 Series E Preferred shares, and warrants for up to $2M common stock at 110% of pre-close price.
- Contingent earnout of up to 80,000 Series E shares if Vector achieves $4M qualifying revenue in year 2 after closing.
- Closing requires due diligence, final warrants/employment agreements, and 12-month budget with up to $1.2M funding.
- Sellers have limited right to repurchase shares at fair market value with a floor.
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