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FOXO Technologies ( (FOXO) ) just unveiled an announcement.
On June 23, 2025, FOXO Technologies Inc. received approval from its majority stockholder, who holds 82.08% of the company’s voting rights, for several significant actions. These actions include the issuance of Class A Common Stock to various holders of preferred stock and convertible promissory notes, potentially resulting in issuances exceeding 20% of the company’s outstanding shares. Additionally, the approval covers a reverse stock split and other stock-related transactions, all aimed at complying with NYSE American LLC Company Guide regulations. The company filed a preliminary Information Statement with the SEC on June 26, 2025, regarding these approvals, which will become effective 20 days after mailing the definitive statement to stockholders.
Spark’s Take on FOXO Stock
According to Spark, TipRanks’ AI Analyst, FOXO is a Underperform.
FOXO Technologies receives a low overall stock score primarily due to significant financial challenges, including continuous net losses, high debt, and negative cash flows. The technical analysis also suggests bearish momentum. Although valuation metrics are poor, recent corporate actions, such as acquisitions and restructuring, provide some hope for future improvement. However, these are not sufficient to outweigh the current financial and operational challenges facing the company.
To see Spark’s full report on FOXO stock, click here.
More about FOXO Technologies
Average Trading Volume: 5,974,779
Technical Sentiment Signal: Sell
Current Market Cap: $2.22M
For a thorough assessment of FOXO stock, go to TipRanks’ Stock Analysis page.