Summary by Moomoo AI
FOXO Technologies has filed an amendment to its Certificate of Incorporation on December 27, 2024, implementing significant changes to its Series A Cumulative Convertible Redeemable Preferred Stock terms.The key modification introduces a beneficial ownership limitation of 4.99% on the conversion of Series A Preferred Stock to Class A Common Stock. Holders may elect to increase this limit to 9.99% prior to the issuance of any Series A Preferred Stock. The limitation applies to the number of Class A Common Stock shares outstanding immediately after conversion.
