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FOXO Technologies Inc. to Implement Reverse Stock Split to Meet NYSE American Listing Requirements.
ByAinvest
Thursday, Jul 17, 2025 5:22 pm ET1min read
FOXO Technologies Inc. announced a 1 for 1.99 reverse stock split to comply with NYSE American listing requirements. The reverse split will become effective on July 27, 2025, and shares will begin trading on a split-adjusted basis on July 28, 2025. Holders of fractional shares will receive whole numbers, and outstanding convertible preferred stock, debt, stock options, and equity incentive plans will be proportionately affected.
FOXO Technologies Inc. (NYSE American: FOXO) has announced a 1 for 1.99 reverse stock split, effective July 27, 2025, to comply with NYSE American listing requirements. The reverse stock split will become effective at 4:01 PM ET on July 27, 2025, and shares will begin trading on a split-adjusted basis on July 28, 2025. This move aims to bring the company's share price above the minimum requirement set by the NYSE American for continued listing.The reverse stock split will proportionately affect all outstanding convertible preferred stock, debt, stock options, and equity incentive plans. Shareholders will receive whole shares, and those holding fractional shares will receive whole numbers. The company's common stock, with a par value of $0.0001, will be the subject of the reverse split.
This announcement follows recent financial activities by FOXO, including the expansion of services at its critical access hospital and the designation of a new series of preferred stock for acquisitions. The company has also been actively engaged in the healthcare sector, with its behavioral health subsidiary, Myrtle Recovery Centers, Inc., receiving Scott County Opioid Abatement Funds for a second year.
FOXO's recent actions reflect its strategic focus on expanding its healthcare services and related sectors. The company has formed a subsidiary, FOXO Acquisition Corporation, for the purpose of acquiring targeted acquisitions and has also executed an equity funding agreement to issue Series A Cumulative Convertible Redeemable Preferred Stock.
The reverse stock split is expected to enhance the company's financial position and improve its marketability. Investors should closely monitor the company's progress and financial performance to assess the impact of the reverse stock split on shareholder value.
References:
[1] https://finance.yahoo.com/quote/FOXO/press-releases/
[2] https://finance.yahoo.com/quote/FOXO/press-releases/
[3] https://finance.yahoo.com/quote/FOXO/press-releases/
[4] https://finance.yahoo.com/quote/FOXO/press-releases/
[5] https://finance.yahoo.com/quote/FOXO/press-releases/
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[9] https://finance.yahoo.com/quote/FOXO/press-releases/
[10] https://finance.yahoo.com/quote/FOXO/press-releases/
[11] https://finance.yahoo.com/quote/FOXO/press-releases/
[12] https://finance.yahoo.com/quote/FOXO/press-releases/
[13] https://finance.yahoo.com/quote/FOXO/press-releases/
[14] https://finance.yahoo.com/quote/FOXO/press-releases/
[15] https://finance.yahoo.com/quote/FOXO/press-releases/
[16] https://finance.yahoo.com/quote/FOXO/press-releases/
[17] https://finance.yahoo.com/quote/FOXO/press-releases/
[18] https://finance.yahoo.com/quote/FOXO/press-releases/
[19] https://finance.yahoo.com/quote/FOXO/press-releases/
[20] https://finance.yahoo.com/quote/FOXO/press-releases/
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