FOXO exchanges all Series A Preferred for $7.78M in non-convertible notes, eliminating conversion rights

FOXO TECHNOLOGIES INC.

Exchanged 2,467.988 shares of Series A Preferred ($2.47M stated value) from Investor 1 for a senior unsecured note.
Exchanged 5,307.097 shares of Series A Preferred ($5.31M stated value) from Investor 2 for a senior unsecured note.
Total exchange value $7,775,085.28; notes mature May 12, 2027, non-interest bearing (18% default rate).
Institutional investors no longer hold any convertible instruments, removing potential equity dilution.
Proceeds from notes to be used for working capital; no interest expense unless default occurs.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.