Summary by Futu AI
FOXO Technologies Inc. has reported a discrepancy in the payment of required fees to the NYSE, which has led to a potential delisting issue. The company, which is listed under the ticker FOXO on the NYSE American exchange, initially believed it owed $65,000 in delinquent fees as of June 14, 2024. However, subsequent communications with the NYSE revealed that the actual amount owed was $211,000. The discrepancy arose due to invoices being sent to an outdated email address of the company's previous management. As of the latest update, FOXO Technologies owes $146,000 in outstanding fees. The company has submitted a compliance plan to the NYSE on June 18, 2024, and has been given until August 9, 2024, to pay the outstanding fees or present an acceptable plan of correction to maintain its listing. While FOXO Technologies intends to regain compliance with the NYSE American continued listing standards, there is no guarantee that it will be able to meet all the necessary requirements.