Rennova Health (RNVA) has issued an update.
Rennova Health, Inc. has made strategic moves by entering into two stock exchange agreements with FOXO Technologies, Inc., offloading its equity interest in Myrtle Recovery Centers, Inc. for $500,000 in FOXO stock, and preparing to exchange its subsidiary Rennova Community Health, Inc. for FOXO’s Preferred Stock. The deals, subject to various conditions including shareholder and NYSE approval, signal a shift in Rennova’s asset portfolio. Additionally, Rennova has released promising preliminary results for the year, with RCHI and Myrtle expecting a combined net revenue of $18.7 million and a net income of $5.2 million.
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