{"id":56252,"date":"2024-06-15T00:06:25","date_gmt":"2024-06-15T00:06:25","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/06\/15\/foxo-technologies-inc-announces-receipt-of-notice-of-non-compliance-with-nyse-continued-listing-requirements-completes-steps-it-believes-are-required-to-regain-compliance\/"},"modified":"2024-06-15T00:06:25","modified_gmt":"2024-06-15T00:06:25","slug":"foxo-technologies-inc-announces-receipt-of-notice-of-non-compliance-with-nyse-continued-listing-requirements-completes-steps-it-believes-are-required-to-regain-compliance","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/foxo-technologies-inc-announces-receipt-of-notice-of-non-compliance-with-nyse-continued-listing-requirements-completes-steps-it-believes-are-required-to-regain-compliance\/","title":{"rendered":"FOXO Technologies Inc. Announces Receipt of Notice of Non-Compliance with NYSE Continued Listing Requirements; Completes Steps it Believes are Required to Regain Compliance"},"content":{"rendered":"<div>\n<p align=\"justify\">MINNEAPOLIS, June  14, 2024  (GLOBE NEWSWIRE) &#8212; <strong>FOXO Technologies Inc. (NYSE American: FOXO) <\/strong>(the \u201cCompany\u201d or \u201cFOXO\u201d), reports that it has received an official notice of noncompliance (the \u201cNYSE American Notice\u201d) from NYSE Regulation (\u201cNYSE\u201d) stating that the Company is not in compliance with NYSE American continued listing standards (the \u201cDelinquency Notification\u201d) due to an outstanding balance of listing fees over 180 days old and NYSE provided the Company until June 7, 2024 to provide payment before the Company would become subject to the noncompliance procedures (the \u201cDelinquency\u201d). Although the Company failed to pay the fee by the June 7, 2024\u00a0deadline, the Company has subsequently made the required payments and believes it is now in a position to regain compliance.<\/p>\n<p align=\"justify\">Mark White, Interim CEO of FOXO, said, \u201cWe regret the delinquency, which was due to short-term capital allocation strategies, including our recently announced planned acquisitions, which we believe will contribute meaningful cashflow for the combined companies. Importantly, we have since made the payment and look forward to formally presenting\u00a0this to the NYSE American.\u00a0While there can be no assurances, we expect\u00a0to formally regain compliance with the NYSE American continued listing standards in the near future.\u201d<\/p>\n<p align=\"justify\">As a result, of receipt of the Delinquency Notification was NYSE Regulation\u2019s official notice of noncompliance with Section 1003(f)(iv) of the Company Guide. The Company is now subject to the procedures and requirements set forth in Section 1009 of the Company Guide.<\/p>\n<p align=\"justify\"><strong>About FOXO Technologies Inc.<\/strong><\/p>\n<p align=\"justify\">FOXO is a biotechnology company dedicated to improving human health and longevity through the development of cutting-edge technology and product solutions for various industries, including life insurance. FOXO\u2019s epigenetic technology applies AI to DNA methylation to identify molecular biomarkers of human health and aging. FOXO is committed to leveraging the latest advancements in science and technology to help people live better, longer lives. For more information about FOXO, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=d_rmZXP6BtOvanXmS3_oEqMOeAOgNBp-A0V3qNW0yNCJOJXbkBBSBgxhk7cFKLUmjsAZ51ZBBiZposSctSs83tAWNZKkHxDmMbi0S1OE3NI=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>www.foxotechnologies.com<\/u><\/a>.<\/p>\n<p align=\"justify\"><strong>Forward-Looking Statements<\/strong><\/p>\n<p align=\"justify\">This press release contains certain forward-looking statements for purposes of the \u201csafe harbor\u201d provisions under the United States Private Securities Litigation Reform Act of 1995. Any statements other than statements of historical fact contained herein, including statements about the delisting of the Warrants from NYSE American, trading of the Warrants in the over-the-counter market, the continued listing of the Company\u2019s Class A common stock on NYSE American, and other statements identified by words such as \u201cwill likely result,\u201d \u201care expected to,\u201d \u201cwill continue,\u201d \u201cis anticipated,\u201d \u201cestimated,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cprojection,\u201d \u201coutlook\u201d or words of similar meaning, but the absence of these words does not mean that a statement is not forward-looking. Any such forward-looking statements are based upon the current beliefs and expectations of the Company\u2019s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the Company\u2019s control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the possibility that the Plan will not be accepted by NYSE American, the Company will be unable to satisfy other continued listing requirements of NYSE American for its Class A common stock to maintain the listing of the Class A common stock on NYSE American; the risk of changes in the competitive and highly regulated industries in which FOXO operates; variations in operating performance across competitors or changes in laws and regulations affecting FOXO\u2019s business; the ability to implement FOXO\u2019s business plans, forecasts, and other expectations; the ability to obtain financing; the risk that FOXO has a history of losses and may not achieve or maintain profitability in the future; potential inability of FOXO to establish or maintain relationships required to advance its goals or to achieve its commercialization and development plans; the enforceability of FOXO\u2019s intellectual property, including its patents and the potential infringement on the intellectual property rights of others; and the risk of downturns and a changing regulatory landscape in the highly competitive biotechnology industry or in the markets or industries in which FOXO operates, including the highly regulated insurance industry. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in FOXO\u2019s most recent reports on Forms 10-K and 10-Q, particularly the \u201cRisk Factors\u201d sections of those reports, and in other documents FOXO has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FOXO assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>\n<p align=\"justify\"><strong>Contact:<\/strong><br \/>Crescendo Communications, LLC<br \/>(212) 671-1020<br \/>foxo@crescendo-ir.com<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGFmMmQxODMtZmMzZi00ZTBiLTgzNTQtZWE2MmJhNGRmNTYwLTUwMDExOTk1Mg==\/tiny\/FOXO-Technologies-Inc-.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MINNEAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) &#8212; FOXO Technologies Inc. (NYSE American: FOXO) (the \u201cCompany\u201d or \u201cFOXO\u201d), reports that it has received an official notice of noncompliance (the \u201cNYSE American Notice\u201d) from NYSE Regulation (\u201cNYSE\u201d) stating that the Company is not in compliance with NYSE American continued listing standards (the \u201cDelinquency Notification\u201d) due to an [&#8230;]\n","protected":false},"author":1,"featured_media":85254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FOXO Technologies Inc. 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