Foxo Technologies authorizes 1 for 1.99 reverse stock split

Foxo Technologies (FOXO) has approved a 1 for 1.99 reverse stock split of the company’s Class A common stock, par value $0.0001. The reverse stock split will become effective at 4:01pm ET on July 27. The Common Stock will begin trading on a split-adjusted basis on the NYSE American under the same trading symbol “FOXO” when the market opens on July 28, 2025, and will trade under a new CUSIP number. Every 1.99 shares of Common Stock issued and outstanding at the Effective Time will be automatically combined into one share of Common Stock, with no change in the $0.0001 par value per share. The reverse stock split is being effected to ensure compliance with NYSE American continued listing requirements to have a stock price trading above 10c per share. The company does not expect the reverse stock split to impact its current or future business operations.