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Company Overview
FOXO Technologies Inc is a technology platform company that integrates advanced epigenetic research, AI, and machine learning to transform longevity science for the life insurance industry. With a foundation rooted in innovative underwriting protocols and consumer engagement platforms, FOXO applies sophisticated DNA methylation analysis to identify molecular biomarkers of human health and aging. This approach not only modernizes the assessment of risk in the insurance sector but also expands the evaluation of overall wellness, positioning FOXO as a critical player in bridging technology with the scientific understanding of aging.
Business Segments
FOXO Technologies operates through two distinct but complementary business segments:
- FOXO Labs: Focused on research and development, this segment leverages state-of-the-art machine learning algorithms and artificial intelligence to analyze epigenetic data, advancing our understanding of biological aging and current health status. The insights produced help drive improvements in underwriting protocols and risk assessment models within the life insurance industry.
- FOXO Life: This segment translates scientific breakthroughs into practical applications, commercializing longevity science through enhanced life insurance products and services. By embedding epigenetic insights into consumer engagement platforms, FOXO Life enables tailored solutions that meet the evolving needs of policyholders and insurers alike.
Epigenetic Technology and Artificial Intelligence
The core of FOXO Technologies' operations is its integration of epigenetic technology with advanced AI methodologies. By analyzing changes in DNA methylation, FOXO identifies key biomarkers that reveal the current state of human health and aging. This process not only supports more accurate risk assessments for insurance underwriting but also offers an innovative perspective on the science of longevity. The application of machine learning enhances the precision of these models, ensuring that insights remain robust and relevant in dynamic market conditions.
Market Position and Competitive Landscape
Positioned at the intersection of technology and life sciences, FOXO Technologies stands out for its specialized focus on longevity science for the insurance market. Its detailed analysis of epigenetic data provides a significant edge in insurance underwriting, offering personalized insights that differentiate it from traditional assessment methods. The company maintains a competitive stance by continuously integrating technological advancements with rigorous scientific research, ensuring that its methodologies adhere to industry best practices and the highest standards of accuracy and reliability.
Strategic Initiatives and Acquisitions
FOXO’s strategic approach includes key acquisitions designed to complement its epigenetic technology and broaden its reach into connected health sectors such as community health and addiction recovery. These initiatives not only increase the diversity of its service offerings but are also structured to generate substantial cash flow, reinforcing the company’s overall financial robustness. The integration of these new business areas demonstrates FOXO's commitment to leveraging synergies that extend its technological capabilities beyond traditional life insurance, while reinforcing its role as a transformative force in the longevity science arena.
Operational Excellence and Value Proposition
FOXO Technologies emphasizes operational excellence by meticulously validating its AI-driven epigenetic models through extensive research and iterative testing. This diligence underpins a value proposition that is both scientifically rigorous and commercially viable. By harnessing detailed molecular insights and cutting-edge technological frameworks, FOXO provides a pathway for the accurate assessment of risk, which is invaluable for both insurers and the broader healthcare ecosystem.
Conclusion
In summary, FOXO Technologies Inc offers a comprehensive platform that combines robust epigenetic research with innovative AI methodologies to redefine the metrics of health and aging in the life insurance industry. Its dual-segment approach, centered around FOXO Labs and FOXO Life, not only refines insurance underwriting but also introduces transformative insights into longevity science. With a strategic focus on technological innovation and operational diligence, FOXO stands as a vital contributor to the evolving landscape of both life insurance and health technology.
FOXO Technologies Inc. (NYSE American: FOXO) has signed a non-binding agreement to acquire Vector Biosource Inc., an information and biospecimen sourcing provider serving biotechnology and pharmaceutical research industries. Vector projects $800,000 in revenues for 2025 without additional capital.
The acquisition terms include:
- $750,000 in Series D Preferred Stock upfront
- Additional $750,000 in Series D Preferred Stock tied to 2025 revenue milestones
- Future earnout payments in Series D Preferred Stock based on 2026-2027 performance
The deal closing, expected within 45 days, is contingent on definitive agreements, due diligence, $1 million working capital provision, and other conditions. The acquisition aims to leverage Vector's healthcare sector position and growth potential through FOXO's corporate infrastructure and potential subsidiary synergies.
FOXO Technologies (NYSE American: FOXO) has reported positive developments at its behavioral health subsidiary, Myrtle Recovery Centers. The company's substance abuse treatment facility in Oneida, Tennessee has achieved stable operations, maintaining an occupancy rate of 75% or higher since early 2025, occasionally reaching full capacity.
Myrtle has successfully finalized several in-network contracts with major managed care organizations in 2025. The company will participate as a Silver Sponsor in the upcoming ETAADAC Conference in Knoxville, TN (March 19-21, 2025), an event gathering industry leaders to discuss addiction counseling and treatment developments.
FOXO Technologies (NYSE American: FOXO) has executed a non-binding acquisition agreement for two assisted living facilities in Florida for a total consideration of $60 million. The facilities comprise 129 and 137 units respectively, with each facility priced at $30 million including milestone-based payments.
The company aims to complete definitive agreements within 60 days, with closing expected 60-120 days thereafter, subject to due diligence and financing conditions. FOXO is considering funding through a new series of preferred stock listing. The company views these acquisitions as strategic entries into the healthcare sector's recurring revenue model, with milestone payments tied to facility revenue increases.
FOXO Technologies Inc. (NYSE American: FOXO) has provided a shareholder update outlining recent accomplishments and future strategy. The company has transformed from minimal revenues to acquiring businesses with potential for $20M+ annual profitable revenue. They've improved shareholders' equity by over $21M through debt-to-equity restructuring to meet NYSE American listing requirements.
FOXO operates three main businesses: FOXO Labs (epigenetics division with 13,000+ individual dataset), Myrtle Recovery Centers (30-bed behavioral health facility expecting $3-4M annual revenue), and Scott County Community Hospital (Big South Fork Medical Center). The company has converted approximately $6M of additional debt to equity through preferred stock issuance and is actively seeking healthcare sector acquisition opportunities.
Key priorities include growing rural hospital and behavioral health businesses, monetizing the epigenetics division, and potentially pursuing additional healthcare acquisitions. The company plans to update its web presence and complete various work steps within 30-60 days.
FOXO Technologies Inc. (NYSE American: FOXO) has announced its Special Meeting of Shareholders scheduled for January 17, 2025, at 10:30 am EST. The virtual meeting follows the Company's Definitive Proxy Statement filed with the SEC on January 6, 2025. Shareholders of record as of January 3, 2025, will be eligible to vote on the proposed approvals.
Shareholders can vote either online at www.cstproxyvote.com or by attending the virtual meeting at https://www.cstproxy.com/foxotechnologies/2025 using their 12-digit control number. The Board of Directors recommends voting in favor of the Proposals listed on the Proxy Card. CEO Seamus Lagan expressed that the meeting will fulfill obligations from recent acquisition agreements and highlighted the company's transformation in the second half of 2024 as a foundation for building significant shareholder value.
FOXO Technologies (NYSE American: FOXO) has announced a special virtual shareholders meeting scheduled for January 17, 2025, at 10:30 AM EST. The meeting's primary purpose is to seek approval for several proposals, with shareholders of record as of January 3, 2025, eligible to vote.
The main proposal requires shareholder approval for the issuance of Class A Common Stock exceeding 20% of outstanding shares upon conversion of Series A Preferred Stock, and voting terms that may constitute a 'Change of Control' under NYSE American Rules. Additional proposals include potential meeting adjournment if needed to gather more proxies.
CEO Seamus Lagan emphasized that following the meeting, the company plans to focus on growing revenues from existing operations and exploring acquisition opportunities to accelerate growth and increase shareholder value. A Definitive Proxy Statement with detailed information was filed with the SEC on January 6, 2025.
FOXO Technologies Inc. (NYSE American: FOXO) has announced its 2024 Annual General Meeting of Shareholders, scheduled for December 31, 2024, at 9:30 am CST. The meeting will be conducted virtually via live webcast, with shareholders of record as of December 19, 2024, eligible to vote. CEO Seamus Lagan highlighted that FOXO has resolved all NYSE American listing deficiencies and acquired significant revenue-generating businesses. The company plans to hold an additional Special Meeting for other matters requiring shareholder approval. Management expressed optimism about their acquisition and growth strategy for 2025 and beyond.
FOXO Technologies has announced regaining compliance with NYSE American listing requirements by achieving stockholders' equity greater than $4M. This marks a significant turnaround from the company's $17.5M stockholders' deficit reported in September 2024. The improvement was achieved through several key transactions, including:
- Rennova Health's exchange of $21M Senior Secured Note for 21,000 shares of Series A Preferred Stock
- An institutional investor's $1M funding and $2.2M Senior Notes exchange for 2,464 Series A Preferred shares
- Settlement with KR8 AI through 3,000 shares of Series D Preferred Stock
- Conversion of $1M in liabilities to approximately 2M shares of Class A Common Stock
FOXO Technologies (NYSE American: FOXO) has announced major restructuring and capital raising transactions aimed at improving its balance sheet and meeting NYSE American listing requirements. Key transactions include Rennova Health's exchange of approximately $21 million of Senior Secured Notes for 21,000 shares of Series A Preferred Stock, an institutional investor's $1.0 million funding and exchange of $2.2 million of Senior Notes for 2,464 Series A Preferred shares, and settlement of KR8 liabilities for 3,000 Series D Preferred shares.
The company has appointed Seamus Lagan as CEO, who brings over 30 years of experience in startups and distressed companies. These transactions have collectively reduced liabilities and increased stockholders' equity by $26.4 million, potentially eliminating the risk of NYSE American delisting.
FOXO Technologies (NYSE American: FOXO) held a Special Meeting of Shareholders on November 29, 2024, with 93.859% shareholder participation. Shareholders approved six key proposals including: authorization for a potential reverse stock split (1:5 to 1:100 ratio), approval to issue shares for debt conversion of approximately $1.945M, authorization for a $5M equity line of credit with ClearThink Capital Partners, approval for share issuance related to a $2.8M Senior Notes agreement, and provisions for meeting adjournment and other matters.
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