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FOXO Technologies Inc. (NYSE American:FOXO) implemented a 1-for-1.99 reverse stock split of its Class A Common Stock, effective at 4:01 p.m. Eastern Time on Sunday. Following the reverse split, every 1.99 shares of FOXO’s Class A Common Stock were combined into one issued and outstanding share, with no change to the par value of $0.0001 per share.
The company stated that, as a result of the reverse split, no fractional shares are outstanding. Any shareholder entitled to a fractional share after the split received the number of shares rounded up to the next whole share. According to InvestingPro, FOXO’s financial health score is currently rated as ’FAIR’, with 12 additional key insights available to subscribers.
Trading of FOXO’s post-split shares began on a split-adjusted basis on Monday under the CUSIP number 351471 503. The company’s shares continue to be listed on the NYSE American under the ticker symbol FOXO.
This information is based on a statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, FOXO Technologies Inc. announced a 1-for-10 reverse stock split of its Class A Common Stock. This corporate action, which was approved earlier in the year, will consolidate every 10 shares of existing Common Stock into one share. The par value of the stock remains unchanged at $0.0001 per share. This development was outlined in a filing with the U.S. Securities and Exchange Commission. The reverse stock split is now effective as of the close of business today.
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