{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-024061","form_type":"8-K","ticker":"FOXO","cik":"0001812360","company_name":"FOXO TECHNOLOGIES INC.","filed_at":"2026-05-18T11:30:35+00:00","discovered_at":"2026-05-18T11:35:00.389471+00:00","generated_at":"2026-05-18T11:36:53.575159+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"FOXO exchanges all Series A Preferred for $7.78M in non-convertible notes, eliminating conversion rights","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-024061","json":"https://secwatch.observer/filing/0001493152-26-024061.json","markdown":"https://secwatch.observer/filing/0001493152-26-024061.md","text":"https://secwatch.observer/filing/0001493152-26-024061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/0001493152-26-024061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T11:36:53.575159+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fa1b55a51dc78eab5414c770f3dcb36433c95d2e","claim":"FOXO TECHNOLOGIES INC. entered into Exchange Agreement with each of (i) an institutional investor (\"Investor 1\") and (ii) a second institutional investor (\"Investor 2\") (effective 2026-05-12).","evidence_excerpt":"On May 12, 2026, FOXO Technologies Inc., a Delaware corporation (the \" Company \"), entered into two Exchange Agreements (each, an \" Exchange Agreement \" and collectively, the \" Exchange Agreements \"), each dated as of May 12, 2026, by and between the Company and each of (i) an institutional investor (\" Investor 1 \") and (ii) a second institutional investor (\" Investor 2 \" and, together with Investor 1, the \" Holders \"), each a holder of the Company’s Series A Cumulative Convertible Redeemable Preferred Stock (the \" Series A Preferred Stock \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/0001493152-26-024061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"each of (i) an institutional investor (\"Investor 1\") and (ii) a second institutional investor (\"Investor 2\")"},{"label":"Effective","value":"2026-05-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}