secwatch.observer — SEC 8-K summary
======================================

Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2026-05-18T11:30:35+00:00
Accession:  0001493152-26-024061
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/0001493152-26-024061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer