FOXO Technologies executes non-binding agreement to acquire assisted living facility in South Florida for $22M

FOXO TECHNOLOGIES INC.

Facility has 87 units licensed for assisted living and memory care services.
Purchase price of $22M, with $5M in non-convertible preferred stock.
Completion subject to definitive agreements, due diligence, and financing.
Company expects to close on acquisitions adding over 350 units in assisted living and memory care.
Also expects to confirm definitive agreement for previously announced Vector Biosource acquisition.

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