• FOXO Technologies entered exchange agreements on May 12, 2026 to swap all outstanding Series A Cumulative Convertible Redeemable Preferred Stock held by two institutional investors for senior unsecured non-convertible promissory notes totaling USD 7.78 million.
• Investor 1 exchanged 2,467 preferred shares with stated value of USD 2.47 million for a senior note in the same principal amount; Investor 2 exchanged 5,307 preferred shares with stated value of USD 5.31 million for a senior note in the same principal amount.
• The preferred shares were cancelled, removing the investors’ conversion rights to company equity.
• The notes are non-interest bearing, mature on May 12, 2027 unless earlier accelerated on default; default interest accrues at 18%.
• Repayment is due upon completion of a public offering or an up-listing to a recognized stock exchange.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FOXO Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-024061), on May 18, 2026, and is solely responsible for the information contained therein.