secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001641172-25-013538
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225013538/0001641172-25-013538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225013538/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-013538

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