Reverse Stock Split Announcement by FOXO Technologies
**FOXO Technologies Announces 1-for-1.99 Reverse Stock Split**
In a bid to maintain compliance with the NYSE American's listing requirements, FOXO Technologies has announced a 1-for-1.99 reverse stock split. This move will see every 1.99 shares of common stock combined into one share of common stock, effective from July 27, 2025, at 4:01 PM ET [1][2][3].
The trading of FOXO Technologies' common stock on a split-adjusted basis will commence on July 28, 2025, under the same ticker symbol "FOXO" but with a new CUSIP number [1][3]. This action is expected to temporarily double the stock price and halve the share count, creating more headroom within the authorized share limit [2].
The reverse stock split will reduce the number of outstanding shares from approximately 20.14 million to about 10.07 million [2][3]. Fractional shares resulting from the split will be rounded up to the next whole number [1][3]. This may affect shareholders who hold fractional shares, as they will receive a whole share [3].
The board of directors of FOXO Technologies has approved the reverse stock split, which is intended to help the company comply with NYSE American's continued listing requirements regarding stock price [3]. The stock price, as of after hours, was -3.93% to $0.1197 [4].
It is essential to note that this article does not contain any new financial information about FOXO Technologies, nor does it provide any updates on the interim CFO position at the company [5]. The trading symbol for FOXO Technologies' common stock will remain "FOXO" after the reverse stock split.
Shareholders are advised to consult their financial advisors for any specific questions regarding the reverse stock split and its potential impact on their investment [3]. The new CUSIP number for FOXO Technologies' common stock will be announced after the reverse stock split [1][3].
[1] FOXO Technologies Press Release, July 19, 2025. [2] FOXO Technologies Q2 2025 Earnings Call Transcript, July 16, 2025. [3] FOXO Technologies Investor Relations, July 19, 2025. [4] Yahoo Finance, July 19, 2025. [5] FOXO Technologies Press Release, July 15, 2025.
The 1-for-1.99 reverse stock split by FOXO Technologies is a move related to their business and finance, as it aims to meet the NYSE American's listing requirements and maintain compliance in the stock market. After the reverse stock split, the trading of FOXO Technologies' common stock will continue in the business sector, but with a reduced number of outstanding shares and a new CUSIP number.
