FOXO settles $200K debt by issuing 8,000 Series E Preferred shares to Rennova in related-party deal

FOXO TECHNOLOGIES INC.

Issued 8,000 Series E Preferred shares at $25 stated value to Rennova in full satisfaction of $200,000 in Prior Advances.
Advances made Dec 4-10, 2025; exchange effective Dec 31, 2025, with closing on Feb 6, 2026.
Related-party transaction: CEO Seamus Lagan controls both FOXO and Rennova; disinterested directors approved.
Shares issued under Section 4(a)(2) exemption; no registration rights granted; not freely resalable.
Debt extinguished; no interest accrued; strengthens balance sheet but raises governance concerns.

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