FOXO Technologies Inc. announced the completion of its business combination with Delwinds Insurance Acquisition Corp., with trading starting on the NYSE American under the symbol 'FOXO' from September 16, 2022. This strategic move aims to address key issues within the life insurance sector through epigenetic longevity science. FOXO's inaugural Managing General Agency relationship allows for marketing a range of life insurance products bundled with the FOXO Longevity Report™. The business combination received over 91% shareholder approval, underscoring strong investor confidence.
Delwinds Insurance Acquisition Corp. (DWIN) has signed a Forward Share Purchase Agreement with Meteora Capital Partners for a potential acquisition of up to 3,000,000 shares of its Class A common stock. This agreement is tied to DWIN's forthcoming business combination with FOXO Technologies, expected to close post-stockholder approval on September 14, 2022. Concurrently, DWIN will hold a Special Meeting to seek shareholder consent for the Business Combination and an Extension Meeting to propose a three-month extension to finalize the merger. Stockholders are encouraged to vote.
Delwinds Insurance Acquisition Corp. (DWIN) announced on September 13, 2022, that it received redemption requests for 10,991,407 public shares, amounting to 99.5% of its outstanding public shares before the deadline. A Special Meeting of Stockholders is set for September 14, 2022, to approve a business combination with FOXO Technologies Inc. Additionally, an Extension Meeting will also be held on the same day to consider extending the deadline for the initial business combination from September 15 to December 15, 2022. Shareholders are encouraged to vote.
Delwinds Insurance Acquisition Corp. announced its upcoming transfer from the NYSE to NYSE American LLC. This transition will precede the anticipated business combination with FOXO Technologies Inc., expected to finalize around September 16, 2022. Delwinds' Class A Common Stock and Warrants will then trade under the symbols 'FOXO' and 'FOXO WS.' The company continues to file the same periodic reports with the SEC. Delwinds encourages stockholders to review detailed information regarding the business combination and its implications for the merged entity.