---
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"
generated_at: "2026-05-18T11:36:53.575159+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024061
- JSON: https://secwatch.observer/filing/0001493152-26-024061.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024061.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Counterparty: each of (i) an institutional investor ("Investor 1") and (ii) a second institutional investor ("Investor 2")
  - Effective: 2026-05-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/0001493152-26-024061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.