FOXO Technologies Inc. announced the formation of a new wholly-owned subsidiary, FOXO Acquisition Corporation, on June 13, 2025. This new entity is designed to target acquisitions in the healthcare services and related sectors. In conjunction with this development, FOXO Technologies plans to create a new series of non-convertible preferred stock, which is expected to be publicly listed and used as a mechanism to complete these acquisitions. This preferred stock aims to generate both cash and common stock dividends for investors and have a secured interest in the acquisition vehicle owning the acquired businesses. The announcement was made by Seamus Lagan, Chief Executive Officer of FOXO.
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