other_material
confidence high
sentiment neutral
materiality 0.60
Majority stockholder approves reverse stock split of FOXO common stock at ratio up to 1:500
FOXO TECHNOLOGIES INC.
- Rennova Health (controlled by CEO) holds 60% voting rights, approved reverse split via written consent on Sept 2, 2025.
- Reverse split ratio from 1:10 to 1:500; Board will set exact ratio, must act by July 31, 2026.
- Company to file preliminary Schedule 14C; reverse split effective 20 days after mailing definitive statement.
item 5.07