other_material
confidence high
sentiment neutral
materiality 0.50
FOXO Technologies approves 1-for-1.99 reverse stock split to meet NYSE American listing requirement
FOXO TECHNOLOGIES INC.
- Reverse split ratio of 1:1.99; effective at 4:01pm ET on July 27, 2025.
- Common stock to trade on split-adjusted basis under same symbol FOXO starting July 28, 2025.
- Split designed to ensure stock price remains above NYSE American's $0.10 minimum bid requirement.
- Majority shareholder approved split on June 23, 2025; fractional shares rounded up to whole shares.
- All outstanding options, warrants, and convertible securities will be proportionately adjusted.
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