FOXO Technologies enters agreement to issue 1,650 Series A Preferred shares for net proceeds of $1.5M

FOXO TECHNOLOGIES INC.

Issuance of up to 1,650 shares of Series A Cumulative Convertible Redeemable Preferred Stock at three closings of 550 shares each.
Total gross proceeds of $1,650,000; net proceeds of $1,500,000 after $150,000 investor costs.
First closing on June 4, 2025; subsequent closings tied to effective date of registration statement.
CEO Seamus Lagan indicates funds will be used to close acquisition targets and continue revenue growth.
Company reported Q1 2025 net revenues >$3M and stockholders' equity of $9.7M vs -$17.5M at Sept 30, 2024.

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