Foxo Technologies Inc (FOXO)

[crudeoil24]

FOXO Technologies Shares Lower on Debut After SPAC Business Combination
11:48 am ET September 16, 2022 (Dow Jones) Print

By Stephen Nakrosis


Shares of FOXO Technologies Inc., which debuted on the NYSE American exchange Friday, were trading lower just before midday.

On Thursday, FOXO and special-purpose acquisition company Delwinds Insurance Acquisition Corp. announced the completion of their business combination. Shares of the combined company, FOXO Technologies, began trading under the symbol FOXO on Friday.

At 11:39 a.m. ET, the company's stock had declined 44% to trade at $4.69. The shares opened the day's trading at $7.29.

FOXO said it is focused on "commercializing longevity science" through products and services that serve the life insurance industry.


Write to Stephen Nakrosis at [e-mail]


(END) Dow Jones Newswires

September 16, 2022 11:48 ET (15:48 GMT)