FOXO Technologies Settlement Agreement with J.H. Darbie & Reverse Stock Split Approval

FOXO Technologies Inc. filed an 8-K reporting two significant events. First, on May 15, 2026, the company entered into a Settlement Agreement with J.H. Darbie & Co. to resolve obligations under terminated agreements. The settlement involves issuing 400 shares of Series D Preferred Stock convertible to Class A Common Stock and paying $175,000 in seven monthly installments. Second, on May 18, 2026, the majority stockholder (Rennova Health, Inc., controlled by the CEO) approved a reverse stock split of Class A Common Stock at a ratio ranging from 1:1,000 to 1:10,000, to be implemented by November 30, 2026 at the Board's discretion. The company has filed a preliminary Information Statement on Schedule 14C and will mail definitive materials to stockholders.