FOXO Technologies (FOXO) has released an update.
FOXO Technologies Inc. has agreed to a $750,000 promissory note with ClearThink Capital Partners, carrying a 12% interest rate and a higher rate post-default. Repayments will be made from future proceeds under an existing agreement with ClearThink. Additionally, FOXO announced plans for a potential merger with M2i Global, Inc., focusing on creating a global supply chain for critical minerals and a strategic reserve in partnership with the U.S. government. While this information is promising, the company cautions that these forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties.
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