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! F...
FOXO Technologies Inc. (FOXO)
Company Research
Source: Yahoo! Finance
has secured up to $2.8 million in Senior Notes from an institutional investor (“Investor”) to fund the previously announced acquisition of Myrtle Recovery Centers, Inc. as well as provide additional working capital to support the Company's growth strategy. Mark White, Interim CEO of FOXO, said, “We appreciate the support of this institutional investor, which we believe is further validation of our business model. Specifically, we intend to use the proceeds to complete the acquisition of Myrtle Recovery Centers, Inc., as well as advance our planned acquisition of Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center). As previously noted, we believe these two acquisitions will be transformative for the Company, given that these businesses generated combined unaudited net revenue of approximately $18.7 million and net income of approximately $5.2 million for the twelve months ended December 31, 2023. We are making progress towards completing the planned acquisitio
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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 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
- RENNOVA HEALTH, INC. ANNOUNCES STOCK EXCHANGE AGREEMENTS WITH FOXO TECHNOLOGIES, INC. FOR TWO OPERATING SUBSIDIARIESGlobeNewswire
FOXO
Sec Filings
- 6/28/24 - Form 10-Q
- 6/26/24 - Form 8-K
- 6/18/24 - Form 8-K
- FOXO's page on the SEC website