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FOXO Technologies ( (FOXO) ) just unveiled an update.
FOXO Technologies Inc. held a Special Meeting of Shareholders on November 29, 2024, where several key proposals were approved, including a potential reverse stock split and debt-to-equity exchanges. These measures aim to stabilize the company’s stock price and strengthen its financial standing. The company also secured a $5 million equity line of credit to support its business objectives. With nearly 94% shareholder participation, FOXO’s leadership is optimistic about creating substantial value for investors.
Find detailed analytics on FOXO stock on TipRanks’ Stock Analysis page.