FOXO Technologies Enters Share Exchange Agreements With Rennova Health
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies has entered into share exchange agreements with Rennova Health, acquiring equity in Myrtle Recovery Centers for $500K in common stock and Rennova Community Health for $20M in convertible preferred stock. These transactions are subject to shareholder approval. The combined entities generated $18.7M in revenue and $5.2M in net income in 2023.
June 14, 2024 | 12:33 pm
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POSITIVE IMPACT
FOXO Technologies has entered into share exchange agreements with Rennova Health, acquiring equity in Myrtle Recovery Centers and Rennova Community Health. The combined entities generated significant revenue and net income in 2023.
The acquisition of equity in Myrtle Recovery Centers and Rennova Community Health is likely to positively impact FOXO Technologies' financial performance, given the significant revenue and net income generated by the combined entities in 2023.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rennova Health has entered into share exchange agreements with FOXO Technologies, resulting in the acquisition of equity in Myrtle Recovery Centers and Rennova Community Health. The combined entities generated significant revenue and net income in 2023.
The share exchange agreements with FOXO Technologies and the acquisition of equity in Myrtle Recovery Centers and Rennova Community Health are likely to positively impact Rennova Health's financial performance, given the significant revenue and net income generated by the combined entities in 2023.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100