FOXO Technologies Amends Bylaws, Increases Series A Preferred Stock Authorization

Reuters09-27
FOXO Technologies Amends Bylaws, Increases Series A Preferred Stock Authorization

FOXO Technologies Inc. announced amendments to its corporate bylaws, including an increase in the authorized shares of its Series A Cumulative Convertible Redeemable Preferred Stock to 50,000. The changes also revise the voting rights for Series A Preferred shareholders and update the conversion price formula. Additionally, the amendments allow for cash dividends to be paid to holders of the company's Series E Cumulative Redeemable Secured Preferred Stock.

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