The latest update is out from FOXO Technologies ( (FOXO) ).
On October 18, 2024, FOXO Technologies Inc. received approval from a majority of holders of its 15% Senior Promissory Notes to amend the terms, allowing for the automatic exchange of these notes into Series B Cumulative Convertible Redeemable Preferred Stock upon stockholder approval. The automatic exchange was completed on January 22, 2025, resulting in the issuance of 3,457.5 shares of Series B Preferred Stock and the cancellation of the Senior PIK Notes, marking a significant shift in the company’s financial structure.
More about FOXO Technologies
FOXO Technologies Inc. is a Delaware corporation involved in the issuance of securities and financial instruments, focusing on its market presence through innovative financial agreements.
YTD Price Performance: -5.86%
Average Trading Volume: 55,821,010
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.44M
For detailed information about FOXO stock, go to TipRanks’ Stock Analysis page.
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