FOXO Technologies Secures Up To $2.8M In Senior Notes To Fund Previously Announced Acquisition Of Myrtle Recovery Centers And Provide Additional Working Capital
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies Inc. (NYSE:FOXO) has secured up to $2.8 million in Senior Notes from an institutional investor to fund its acquisition of Myrtle Recovery Centers, Inc. and provide additional working capital.
June 18, 2024 | 12:34 pm
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FOXO Technologies has secured $2.8 million in Senior Notes to fund its acquisition of Myrtle Recovery Centers and provide additional working capital. This funding is expected to support the company's growth strategy.
The secured funding will enable FOXO Technologies to complete its acquisition of Myrtle Recovery Centers, which is likely to enhance its business operations and growth prospects. The additional working capital will also support the company's growth strategy, potentially leading to positive short-term stock price movement.
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