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8-K: Current report

SEC ·  Aug 15 01:25

Summary by Futu AI

FOXO Technologies Inc., a company listed on the NYSE American under the trading symbol FOXO, has reported significant developments in its financial agreements. On October 13, 2023, the company entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC, which was later supplemented on the same date. This agreement allowed ClearThink to purchase up to $2,000,000 of FOXO's Class A Common Stock, contingent upon certain conditions being met, including the effectiveness of a Registration Statement. Subsequently, on August 13, 2024, FOXO Technologies amended this agreement, increasing the commitment amount from $2,000,000 to $5,000,000. In a separate development, FOXO Technologies terminated a second Strata Purchase Agreement with ClearThink on August 8, 2024, which had been originally entered into on February 1, 2024. The termination agreement concluded all outstanding obligations under the second agreement. These corporate actions were formally disclosed in a Form 8-K filed with the United States Securities and Exchange Commission, with the latest amendment and termination being reported on August 14, 2024.
FOXO Technologies Inc., a company listed on the NYSE American under the trading symbol FOXO, has reported significant developments in its financial agreements. On October 13, 2023, the company entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC, which was later supplemented on the same date. This agreement allowed ClearThink to purchase up to $2,000,000 of FOXO's Class A Common Stock, contingent upon certain conditions being met, including the effectiveness of a Registration Statement. Subsequently, on August 13, 2024, FOXO Technologies amended this agreement, increasing the commitment amount from $2,000,000 to $5,000,000. In a separate development, FOXO Technologies terminated a second Strata Purchase Agreement with ClearThink on August 8, 2024, which had been originally entered into on February 1, 2024. The termination agreement concluded all outstanding obligations under the second agreement. These corporate actions were formally disclosed in a Form 8-K filed with the United States Securities and Exchange Commission, with the latest amendment and termination being reported on August 14, 2024.

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