FOXO Technologies Inc. (NYSEAM:FOXO) agreed to acquire Rennova Community Health, Inc. from Rennova Health, Inc.(OTCPK:RNVA) for $20 million on June 10, 2024. The consideration consists of 0.02 million Class A Cumulative Convertible Redeemable Preferred Stock of FOXO to be issued. For the period ended December 31, 2023, RCHI reported net income of $18.7 million.

The transaction is subject to subject to shareholder approval. Brian Higley, Esq. of Business Legal Advisors, LLC acted as legal advisor to FOXO Technologies Inc. and J. Thomas Cookson of Shutts & Bowen LLP acted as legal advisor to Rennova Health, Inc.