FOXO Technologies receives noncompliance notification from Nasdaq

FOXO Technologies received an official notice of noncompliance from NYSE stating that the Company is below compliance with Section 1003(a)(i) in the NYSE American Company Guide since it reported stockholders’ deficit of $30,000 at March 31 and losses from continuing operations and/or net losses in its two most recent fiscal years ended December 31, 2022. Section 1003(a)(i) of the Company Guide requires a listed company to have stockholders’ equity of $2M or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years.