24/7 Market News Snapshot 24 February, 2025 – FOXO Technologies Inc. (NYSE:FOXO)

February 24, 2025

DENVER, Colo., 24 February, 2025 (247marketnews.com) – (NYSE:FOXO) are discussed in this article.
FOXO Technologies Inc. has recently captured investor interest with its stock trading at approximately $0.260, marking a significant rise of 26.83% in pre-market activity. This uptick follows a prior closing price of $0.205, with trading volumes reaching an impressive 12.95 million shares, signaling strong bullish sentiment among investors.

In addition to its remarkable market performance, FOXO has entered a non-binding agreement for the acquisition of two strategically positioned assisted living facilities, further underscoring its commitment to expanding within the healthcare sector. The facilities, consisting of 129 and 137 units respectively, are expected to be acquired for a total estimated price of $30 million, contingent upon certain performance-based milestones.

Seamus Lagan, CEO of FOXO, expressed optimism regarding these acquisitions, remarking, “We are delighted to have executed this non-binding agreement for these strategic acquisitions. While we cannot guarantee the outcome of our due diligence process or the successful acquisition of financing, we remain optimistic about completing these acquisitions as planned.” The anticipated completion of definitive agreements is expected within 60 days, with finalization projected between 60 to 120 days thereafter, contingent on satisfactory due diligence and financing arrangements.

Furthermore, the agreement includes milestone payments linked to revenue growth from the facilities, positioning FOXO favorably for future opportunities. The company operates three significant subsidiaries, including a critical access hospital and a behavioral health facility, alongside FOXO Labs, a biotechnology entity focused on advancing human health. These strategic moves highlight FOXO’s dedication to delivering sustainable value to its shareholders and enhancing its impact on community health services.

Related news for (FOXO)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.