FOXO Technologies Authorizes Reverse Split Up to 1:1,000 to Pursue Nasdaq/NYSE American Uplisting

summarizeSummary

FOXO Technologies received approval for a reverse stock split of up to 1:1,000 to facilitate an uplisting to Nasdaq or NYSE American. The Board has discretion over the final ratio and timing, with a deadline of June 30, 2027.

check_boxKey Events · Corporate Governance and Compliance · FOXOW

• Reverse Split Authorized

  Board and Majority Shareholder approved a reverse stock split at a ratio ranging from 1:50 to 1:1,000, with the exact ratio to be determined by the Board at its sole discretion.

• Uplisting Objective

  The reverse split is solely to facilitate an application to list the Common Stock on Nasdaq or NYSE American, as the current OTC price is below exchange minimum bid requirements.

• Post-Split Share Count

  Outstanding shares would be reduced from 1,658,116 to between approximately 33,162 (1:50) and 1,658 (1:1,000) shares, depending on the ratio selected.

• Estimated Post-Split Price

  Based on the August 13, 2026 closing price of $0.0798, the estimated post-split price per share would be $3.99 (1:50), $39.90 (1:500), or $79.80 (1:1,000).

auto_awesomeAnalysis · FOXOW · Industrial Applications And Services

Stockholder approval is now in hand for a reverse split at a ratio between 1:50 and 1:1,000, with the exact figure left to the Board's discretion. The move is explicitly tied to an uplisting application to Nasdaq or NYSE American, as the stock currently trades around $0.0025 on the OTC Markets. Based on the August 13 closing price of $0.0798, the filing estimates a post-split price of $3.99 to $79.80 per share, though actual levels will depend on market conditions. The reverse split would reduce the outstanding share count from 1,658,116 to as few as 1,658 shares, which could increase volatility and reduce liquidity. The Board has until June 30, 2027 to effect the split and may abandon it if the uplisting is not reasonably likely to be consummated.