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News

FOXO Technologies Implements 1-For-1.99 Reverse Stock Split

Author: Benzinga Newsdesk | July 28, 2025 09:50am

On July 27, 2025, FOXO Technologies Inc., a Delaware corporation (the "Company"), amended its Second Amended and Restated Certificate of Incorporation, as amended (the "Charter Amendment"), to implement a 1-for-1.99 reverse stock split, such that every 1.99 shares of Class A Common Stock (the "Common Stock") was combined into one issued and outstanding share of Common Stock, with no change in the $0.0001 par value per share (the "Reverse Stock Split").

 

The Reverse Stock Split was effective at 4:01 p.m., Eastern Time, on July 27, 2025. Upon the opening of trading on July 28, 2025, the Common Stock began trading on a post-split basis under CUSIP number 351471 503.

 

No fractional shares are outstanding following the Reverse Stock Split. Holders of fractional shares were entitled to receive, in lieu of any fractional share, the number of shares rounded up to the next whole number.

Posted In: FOXO

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