FOXO creates acquisition vehicle, appoints Seamus Lagan as interim CFO

FOXO Technologies (FOXO) formed a new, wholly-owned subsidiary intended to be used to acquire identified acquisition targets in the healthcare services and related sectors. On June 13, 2025, the Company formed FOXO Acquisition Corporation, a Florida corporation, for the purpose of acquiring targeted acquisitions. The Company also intends to create a new series of non-convertible preferred stock with a goal to have this preferred stock publicly listed and use it to as a mechanism to complete such acquisitions. The new series of preferred stock is anticipated to generate both cash and common stock dividends for investors/owners and have a secured interest in the acquisition vehicle which will own the acquired businesses. The company also announced the passing of Interim CFO Martin Ward on June 9, 2025. On June 13, 2025, CEO Seamus Lagan was appointed as Interim CFO as the search for a more permanent appointment is underway.