Why FOXO Technologies Shares Are Moving Higher Friday
Why FOXO Technologies Shares Are Moving Higher Friday
In the second agreement, equity in Rennova Community Health will be traded for $20 million of convertible preferred stock. Rennova Community Health owns and operates Scott County Community Hospital.FOXO Technologies, Inc. (AMEX:FOXO) stock is trading higher Friday following the company's announcement that it entered into share exchange agreements with Rennova Health.
FOXO Technologies，Inc。（AMEX：FOXO）的股票週五交易較高，因爲該公司宣佈已與Rennova Health簽署了股票交易協議。
What Happened: FOXO Technologies said it entered into two share exchange agreements with Rennova on June 10th.
FOXO Technologies表示，它於6月10日與Rennova簽訂了兩份股票交換協議。
Under the first agreement, equity in Myrtle Recovery Centers will be exchanged for $500,000 of common stock in FOXO. Myrtle Recovery Centers is a subsidiary of Rennova and provides behavioral health services.
根據第一份協議，Rennova旗下的Myrtle Recovery Centers的股權將以500,000美元的普通股票交換爲FOXO的股份。Myrtle Recovery Centers是提供行爲健康服務的Rennova子公司。
In the second agreement, equity in Rennova Community Health will be traded for $20 million of convertible preferred stock. Rennova Community Health owns and operates Scott County Community Hospital.
在第二份協議中，Rennova社區衛生部門的股權將以2000萬美元的可轉換優先股交換。Rennova Community Health擁有並經營Scott County Community Hospital。
See More: 12 Health Care Stocks Moving In Friday's Pre-Market Session
查看更多：12家醫療保健公司在週五盤前活躍。
"In addition, by combining our established healthcare operations with FOXO's expertise in AI and epigenetics, we foresee a powerful synergy that will enhance our service offerings and broaden our impact in the healthcare sector," said Seamus Lagan, CEO of Rennova Health.
Rennova Health的CEO Seamus Lagan表示：“此外，將我們既有的醫療保健業務與FOXO在人工智能和表觀遺傳學方面的專業知識相結合，我們預見到會產生強大的協同作用，從而增強我們的服務提供，並擴大我們在醫療保健板塊的影響力。”
The transaction is subject to certain closing conditions.
該交易受到特定的結算條件的限制。
Photo: Image from Shutterstock
照片：來自Shutterstock的圖像
譯文內容由第三人軟體翻譯。