FOXO Technologies Inc. (NYSE American: FOXO) has announced the completion of an equity funding agreement, securing $1.5 million through the issuance of 1,650 shares of Series A Cumulative Convertible Redeemable Preferred Stock. This investment comes as part of FOXO's efforts to enhance its revenue and improve its financial standing. CEO Seamus Lagan highlighted the company's progress, noting significant improvements in net revenues and stockholders' equity. The funding will support FOXO's acquisition targets and ongoing growth initiatives. The first closing of the securities purchase agreement occurred on June 4, 2025, with subsequent closings planned following the effective date of a new registration statement.
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