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The latest update is out from FOXO Technologies ( (FOXO) ).
FOXO Technologies announced a significant financial restructuring involving the exchange of $21 million in debt for preferred stock, resulting in a boost of shareholder equity. Alongside this, the company undertook leadership changes, with Seamus Lagan appointed as CEO and Mark White assuming roles within the subsidiary FOXO Labs, while also managing strategic settlements to address outstanding liabilities, further increasing equity by $3 million.
More about FOXO Technologies
FOXO Technologies Inc. operates within the health technology sector, focusing on innovative health solutions. The company is involved in strategic partnerships and financial agreements to enhance its market positioning and operational capabilities.
YTD Price Performance: 56.74%
Average Trading Volume: 48,539,874
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.74M
For an in-depth examination of FOXO stock, go to TipRanks’ Stock Analysis page.
