FOXO Technologies to Gain Ludwig Voting Control in $2.25 Million Stock Swap
FOXO agreed to acquire 5 million Ludwig preferred shares, representing approximately 71.43% of Ludwig’s outstanding preferred stock, in exchange for FOXO preferred stock with an aggregate stated value of $2.25 million.
FOXO Technologies agreed to acquire 5 million shares of Ludwig preferred stock from the Terwilliger Trust and Vasaio Capital in exchange for FOXO preferred stock with an aggregate stated value of $2.25 million. The shares represent approximately 71.43% of Ludwig's outstanding preferred stock and ar…