FOXO TECHNOLOGIES INC. (NYSE American:FOXO) on October 29, 2025, filed amendments to its Certificate of Incorporation that revise the terms for its Series D Cumulative Convertible Redeemable Preferred Stock and Series E Cumulative Redeemable Secured Preferred Stock.
The amendments include a revised conversion price for the Series D Preferred Stock. The new conversion price will be the greater of $0.0001, which is not subject to adjustment for stock splits or dividends, or 90% of the volume-weighted average price (VWAP) of the Class A Common Stock for the five trading days immediately preceding the date a conversion notice is tendered by a holder.
Additionally, the Amended Designation for the Series E Preferred Stock clarifies that dividends on this series are paid semi-annually, rather than on a quarterly basis.
