---
title: "FOXO exchanges Series A preferred for senior unsecured notes"
url: "https://aibio.space/news/foxo-exchanges-series-preferred-senior-unsecured-notes/"
publisher: "aibio.space (Biotech Investor Relations News)"
date: "2026-05-12"
section: "Debt Financing"
tickers: "OTC:FOXO"
source: "https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/form8-k.htm"
summary: "Two institutional holders swapped Series A preferred stock for non-convertible notes of $5,307,096.94 and $2,467,988.34, due May 12, 2027."
---

By the aibio.space news desk.

Sources

- [FOXO TECHNOLOGIES INC. 8-K (2026-05-18)](https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/form8-k.htm)

[FOXO](https://aibio.space/companies/foxo-technologies/)

2026-05-12

# FOXO exchanges Series A preferred for senior unsecured notes

Tickers [FOXO](https://aibio.space/companies/foxo-technologies/)

Two institutional holders swapped Series A preferred stock for non-convertible notes of $5,307,096.94 and $2,467,988.34, due May 12, 2027.

## Key facts

- **Company**: FOXO TECHNOLOGIES INC. (OTC: FOXO)

- **News type**: Debt Financing

- **Primary source**: [FOXO TECHNOLOGIES INC. 8-K (2026-05-18)](https://www.sec.gov/Archives/edgar/data/1812360/000149315226024061/form8-k.htm)

*A boardroom table with chairs and a laptop. CC0, via rawpixel. The picture shows the field, not the companies named.*

FOXO Technologies Inc. entered two Exchange Agreements dated May 12, 2026 with two institutional holders of its Series A Cumulative Convertible Redeemable Preferred Stock. The company exchanged the holders' preferred shares for senior unsecured non-convertible promissory notes in matching principal amounts: $2,467,988.34 for Investor 1 and $5,307,096.94 for Investor 2.

Each note matures on the earlier of May 12, 2027 or an event of default. The notes are non-interest bearing and unsecured. The company may not take on other indebtedness senior to the notes while they are outstanding, and repayment is due on a public offering or an up-listing to a recognized stock exchange.

After an event of default, a note can be accelerated and bears interest at a default rate of 18% per annum. The company says the proceeds will be used for working capital. The holders no longer hold any instruments with conversion rights to equity in the company.

The exchanged preferred shares are cancelled. The filing does not name the investors, and it names no placement agent or advisor.

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## Companies in this story

FOXO

FOXO TECHNOLOGIES INC.

OTC · United States

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---
Source page: https://aibio.space/news/foxo-exchanges-series-preferred-senior-unsecured-notes/. Facts in aibio.space stories are checked against company filings and releases; opinion is labelled. Cite as: aibio.space, "FOXO exchanges Series A preferred for senior unsecured notes", 2026-05-12, https://aibio.space/news/foxo-exchanges-series-preferred-senior-unsecured-notes/