Key Highlights

• The consolidation became effective following approval from the State of Delaware, with shares trading under CUSIP number 351471602 post-split.

• Shareholders received whole shares for any fractional holdings, with no cash payments issued in lieu of fractions.

• The par value of $0.0001 per share remained unchanged after the consolidation.

Reverse Split Announced

FOXO Technologies, a biotechnology company incorporated in Delaware, has completed a reverse stock split to streamline its share structure. The action was taken to enhance trading liquidity and align with exchange listing standards. The company’s regulatory filings confirm the terms of the consolidation, which were approved by state authorities.

Regulatory Filing Details

On June 25, 2026, the firm submitted a Certificate of Amendment to Delaware officials, detailing the reverse stock split. The filing specified that the consolidation would convert existing shares into a reduced number while maintaining the established par value of $0.0001 per share.

Effective Date and Trading Impact

The reverse stock split took effect following the required regulatory process. Shares began trading under the new CUSIP number 351471602, reflecting the updated share structure. The company’s stock continued to trade on its respective exchange without interruption.

Fractional Share Handling

In cases where shareholders held fewer than the required number of shares for a full consolidation, their holdings were rounded up to the nearest whole share. This approach ensured that all investors retained equity without receiving cash settlements for fractional amounts.

Market and Sector Context

Reverse stock splits are a strategic tool used by companies to adjust share prices and meet exchange requirements. The biotech industry has observed similar actions as firms work to stabilize their market positions amid fluctuating conditions. Such measures can help companies maintain compliance and improve investor perception.

Forward-Looking Considerations

The company’s filings include standard disclaimers regarding potential risks and uncertainties. Investors are encouraged to review the latest corporate disclosures to assess how the reverse stock split may influence shareholder value and future performance.

Press Release Distribution

FOXO Technologies issued a formal statement confirming the completion of the reverse stock split. The announcement provided details on the new share structure and trading adjustments, with the press release.1 for reference.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.