secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2025-08-18T23:59:59+00:00
Accession:  0001641172-25-024660
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

FOXO delisted from NYSE American; board restates Q1 2025 financials for $5.1M error
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- NYSE American commenced delisting on Aug 12, 2025 due to stock price below $0.10; trading suspended immediately.
- Company transferred to OTC market; trading under symbol FOXO began Aug 13, 2025.
- Board concluded Q1 2025 financials should no longer be relied upon due to error in accounting for RCHI acquisition price consideration.
- Correction requires recording additional $5.1M liability and goodwill as of March 31, 2025, increasing total assets and liabilities.
- No impact on income statement or cash flows; Company plans to file amended 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225024660/0001641172-25-024660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225024660/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024660

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