other material
confidence high
sentiment neutral
materiality 0.70
FOXO settles Darbie obligations; shareholder approves 1:1,000–1:10,000 reverse split
FOXO TECHNOLOGIES INC.
- Issued 400 Series D Preferred shares to J.H. Darbie; pays $175,000 in 7 monthly installments to resolve all amounts owed.
- Reverse stock split ratio range 1:1,000 to 1:10,000, board discretion; must be done before Nov 30, 2026; prior split abandoned.
- Majority stockholder (95.56% voting) approved via written consent; FINRA approval required; effective 20 days after info statement mailing.