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NYSE American to Commence Delisting Proceedings Against FOXO Technologies Inc. (FOXO)

1. FOXO to be delisted from NYSE American due to unsuitability. 2. Trading of FOXO's Class A common stock suspended immediately.

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FAQ

Why Very Bearish?

The delisting indicates severe financial or operational distress, negatively influencing investor confidence. Historical examples of companies facing delisting have seen precipitous drops in stock value.

How important is it?

The decision to delist significantly impacts FOXO's market viability and investor perception, indicating serious underlying issues.

Why Short Term?

Delisting effects are immediate and can precipitate rapid price declines due to loss of liquidity and investor confidence.

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OTHZIOPCLOV
NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of FOXO Technologies Inc. (the “Company”) — ticker symbol FOXO — from NYSE American. Trading in the Company's Class A common stock will be suspended immediately. NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE America.

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