Shortâterm outlook: OnâŻAugustâŻ12âŻ2025 FOXâŻO Technologiesâ ClassâŻA shares fell below the NYSEâŻAmerican $0.10 minimum, triggering an immediate suspension and a formal delisting proceeding. The company has only announced the NYSEâs intent to remove the shares; it has not disclosed any planâsuch as a reverse stock split, a capital raise, or a move to another marketâto remedy the subâpenny price. In the absence of an announced corporate action, the stock is likely to remain suspended and will continue to trade, if at all, on the overâtheâcounter (OTC) market after the AugustâŻ13âŻ2025 effective date.
Implications and actionable steps:
1. Expect continued lowâliquidity, highâvolatility OTC trading â the OTC market lacks the priceâstability mechanisms of a major exchange, so the share price may swing dramatically on any news.
2. Monitor for a formal corporateâaction filing â a reverse split (e.g., 1âforâ10 or 1âforâ100) is the typical remedy for a subâ$0.10 price, but it requires board approval and SEC filing. Until such a filing appears, assume the status quo persists.
3. Risk management â investors should treat FOXO as a speculative, highârisk position. If you already hold the shares, consider limiting exposure or exiting before the OTC transition, especially if you are subject to margin or regulatory constraints. For new entrants, the probability of a successful reverse split or other capitalâraising move is low at this stage; a cautious âwaitâandâseeâ stance is prudent, with a watchâlist alert for any SECâfiled amendment or press release that signals a reverse split or other remediation.