FOXO Technologies Inc. Announces Receipt Of Notice Of Non-Compliance With NYSE Continued Listing Requirements

Author: Benzinga Newsdesk | December 19, 2023 09:39am

Reaffirms commitment to regaining compliance with the NYSE American continued listing standards

On November 21, 2023, FOXO Technologies Inc., a Delaware corporation (the "Company"), received an official notice of noncompliance (the "NYSE American Notice") from NYSE Regulation ("NYSE") stating that the Company is not in compliance with NYSE American continued listing standards (the "Filing Delinquency Notification") due to the failure to timely file the Company's Form 10-Q for the period ended September 30, 2023 (the "Delinquent Report") by the filing due date of November 20, 2023 (the "Filing Delinquency").

"We regret the delay in filing our form 10-Q, which is due in large part to the substantive changes and necessary restructuring steps we have taken over the past several months," stated Mark White, Interim CEO of Foxo Technologies. "Nevertheless, we have made substantial operational and financial progress. We are 100% committed to regaining compliance with the NYSE American's continued listing requirements, and have taken steps to significantly enhance our financial infrastructure and ensure we meet the highest standards of corporate governance."

The Company is now subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. Within five days of the date of the Filing Delinquency Notification, the Company was required to (a) contact the NYSE to discuss the status of the Delinquent Report and (b) issue a press release disclosing the occurrence of the Filing Delinquency, the reason for the Filing Delinquency and, if known, the anticipated date such Filing Delinquency will be cured via the filing or refiling of the applicable report, as the case may be. The NYSE American Notice has no immediate effect on the listing or trading of the Company's Class A common stock on NYSE American.

Posted In: FOXO