Summary by Moomoo AI
FOXO Technologies has entered into a Shares for Services Agreement with Mitchell Silberberg & Knupp LLP (MSK) on December 23, 2024, to settle outstanding legal service fees of $1,515,993. Under the agreement, the company will issue 1,311.70 shares of Series D Cumulative Redeemable Preferred Stock to MSK, representing a $204,293 discount on the original amount owed.The agreement includes a Registration Rights Agreement for the registration of shares to be issued pursuant to the conversions of the preferred stock. The securities issuance was made under Section 4(a)(2) of the Securities Act of 1933 exemption, with no sales commissions involved in the transaction.
