FOXO TECHNOLOGIES INC. (FOXO) Form 8-K — May 18, 2026
FOXO Technologies Inc. entered into exchange agreements with two institutional investors, converting their Series A Preferred Stock into senior unsecured non-convertible promissory notes totaling $7.78 million. The preferred shares, which previously held conversion rights to common equity, were cancelled and replaced with debt instruments maturing on May 12, 2027. The new notes are non-interest bearing but carry an 18% default interest rate and include strict covenants prohibiting the company from incurring senior debt or paying dividends.
Key figures
- Interest Rate
- 0
- Maturity Date
- 2027-05-12
- Default Interest Rate
- 18
Price after filing
Close on the filing date to close N calendar days later (from $0.00). Historical, not a forecast.
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