RENNOVA HEALTH, INC. ANNOUNCES STOCK EXCHANGE AGREEMENTS WITH FOXO TECHNOLOGIES, INC. FOR TWO OPERATING SUBSIDIARIES
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FOXO Technologies Inc. (FOXO)
Company Research
Source: GlobeNewswire
WEST PALM BEACH, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) is pleased to announce that it has entered into two stock exchange agreements with FOXO Technologies, Inc., an NYSE American-listed company (“FOXO”)(NYSE American: FOXO). In the first agreement, Rennova’s equity in Myrtle Recovery Centers, Inc., the Company’s behavioral health services subsidiary, was exchanged for $500,000 of common stock (which will be issued by FOXO on approval by the NYSE, of a Supplemental Listing Application (SLAP) submission as required by the NYSE) in FOXO (subject to certain adjustments). In the second agreement, equity in Rennova Community Health, Inc., predominantly consisting of the Company’s critical access hospital (d/b/a Big South Fork Medical Center), will be exchanged for $20 million of convertible preferred stock in FOXO (subject to certain adjustments). Closing of the Myrtle transaction took place on June 14, 2024 and closing of the Rennova Community Health
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FOXO
News
- FOXO Technologies secures up to $2.8M in senior notes to fund Myrtle Recovery Centers acquisition [Seeking Alpha]Seeking Alpha
- FOXO Technologies Inc. Secures Up to $2.8 Million in Senior Notes to Fund Previously Announced Acquisition of Myrtle Recovery Centers, Inc. and Provide Additional Working Capital [Yahoo! Finance]Yahoo! Finance
- FOXO Technologies Inc. Secures Up to $2.8 Million in Senior Notes to Fund Previously Announced Acquisition of Myrtle Recovery Centers, Inc. and Provide Additional Working CapitalGlobeNewswire
- FOXO Technologies to acquire Rennova healthcare units [Yahoo! Finance]Yahoo! Finance
- RENNOVA HEALTH, INC. ANNOUNCES STOCK EXCHANGE AGREEMENTS WITH FOXO TECHNOLOGIES, INC. FOR TWO OPERATING SUBSIDIARIES [Yahoo! Finance]Yahoo! Finance
FOXO
Sec Filings
- 6/18/24 - Form 8-K
- 6/14/24 - Form 8-K/A
- 6/14/24 - Form 8-K
- FOXO's page on the SEC website