FOXO Technologies Faces Delisting Concerns
Ticker: FOXOW · Form: 8-K · Filed: Apr 23, 2024 · CIK: 1812360
| Field | Detail |
|---|---|
| Company | Foxo Technologies INC. (FOXOW) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rules, compliance
TL;DR
FOXO might get delisted, stock could tank.
AI Summary
FOXO Technologies Inc. filed an 8-K on April 23, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The filing indicates a potential transfer of listing, with the earliest event reported on April 17, 2024. The company, formerly known as Delwinds Insurance Acquisition Corp., is incorporated in Delaware and headquartered in Minneapolis, MN.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could significantly impact the company's stock value and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to trade on an exchange, posing a significant risk to its operations and shareholder value.
Key Players & Entities
- FOXO TECHNOLOGIES INC. (company) — Registrant
- Delwinds Insurance Acquisition Corp. (company) — Former Company Name
- April 17, 2024 (date) — Earliest Event Reported Date
- April 23, 2024 (date) — Filing Date
- 001-39783 (other) — SEC File Number
FAQ
What specific rule or standard has FOXO Technologies Inc. failed to satisfy, leading to the notice of delisting?
The filing does not specify the exact rule or standard that FOXO Technologies Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the nature of the 'Transfer of Listing' mentioned in the filing?
The filing mentions 'Transfer of Listing' as an item of information, but does not provide details on whether this is a voluntary move, a consequence of the delisting notice, or to which exchange the listing might be transferred.
When was the company formerly known as Delwinds Insurance Acquisition Corp.?
The company was formerly known as Delwinds Insurance Acquisition Corp. until a name change on May 18, 2020.
What is the business address of FOXO Technologies Inc.?
The business address of FOXO Technologies Inc. is 729 Washington Ave. N, Suite 600, Minneapolis, MN 55401.
What is the SIC code for FOXO Technologies Inc.?
The Standard Industrial Classification (SIC) code for FOXO Technologies Inc. is 8731, which falls under SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH.
Filing Stats: 1,324 words · 5 min read · ~4 pages · Grade level 14.4 · Accepted 2024-04-23 17:00:13
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 FOXO NYSE American Indicate by ch
Filing Documents
- ea0204478-8k_foxotech.htm (8-K) — 47KB
- ea020447801ex99-1_foxo.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 16KB
- 0001213900-24-035422.txt ( ) — 261KB
- foxo-20240417.xsd (EX-101.SCH) — 3KB
- foxo-20240417_lab.xml (EX-101.LAB) — 33KB
- foxo-20240417_pre.xml (EX-101.PRE) — 22KB
- ea0204478-8k_foxotech_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On April 23, 2024, the Company issued a press release announcing its receipt of the NYSE American Notice. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information under this Item 7.01, including Exhibit 99.1 hereto, is being furnished herewith and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by the Company that the information contained herein, including the exhibit hereto, is material or that the dissemination of such information is required by Regulation FD. 1 Cautionary This Current Report on Form 8-K contains "forward-looking statements." Any statements contained in this Current Report on Form 8-K that do not describe historical facts may constitute forward-looking statements. In some cases, you can identify forward-looking "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology and include statements regarding the NYSE American Notice and whether the Company will regain compliance with the NYSE American's continued listing standards. These forward-looking statements are based on information currently available to the Company's management as well as estimates and assumptions made by its management and are subject to risks and uncertainties that may cause actu
forward-looking statements after such date
forward-looking statements after such date.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated April 23, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FOXO Technologies Inc. Date: April 23, 2024 By: /s/ Mark White Name: Mark White Title: Interim Chief Executive Officer 3