UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
FOXO
Technologies Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001
(Title of Class of Securities)
351471107
(CUSIP Number)
August 1, 2023
(Date of Event Which Requires Filling of This Statement)
Check the appropriate box
to designate the rule pursuant to which this Schedule is filed:
| * | The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this
cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
| CUSIP No. 351471107 |
| (1) |
Names
of reporting persons:
GWG Wind Down Trust |
| (2) |
Check
the appropriate box if a member of a group:
(a) ☐ (b) ☒ |
| (3) |
SEC use
only:
|
| (4) |
Citizenship
or place of organization:
Texas |
Number of
shares
beneficially
owned by
each
reporting
person with: |
(5) |
Sole voting
power:
0 |
| (6) |
Shared
voting power:
4,646,698 |
| (7) |
Sole dispositive
power:
0 |
| (8) |
Shared
dispositive power:
4,646,698 |
| (9) |
Aggregate
amount beneficially owned by each reporting person:
4,646,698 |
| (10) |
Check if the aggregate amount in row (9) excludes certain shares: ☐
|
| (11) |
Percent
of class represented by amount in row (9):
9.4% (Based on 49,293,392 shares issued and outstanding as of July
28, 2023) |
| (12) |
Type of
reporting person:
OO |
| CUSIP No. 351471107 |
| (1) |
Names
of reporting persons:
Elizabeth C. Freeman, solely in her capacity as trustee of GWG Wind
Down Trust |
| (2) |
Check
the appropriate box if a member of a group:
(a) ☐ (b) ☒ |
| (3) |
SEC use
only:
|
| (4) |
Citizenship
or place of organization:
Texas |
Number of
shares
beneficially
owned by
each
reporting
person with: |
(5) |
Sole voting
power:
0 |
| (6) |
Shared
voting power:
4,646,698 |
| (7) |
Sole dispositive
power:
0 |
| (8) |
Shared
dispositive power:
4,646,698 |
| (9) |
Aggregate
amount beneficially owned by each reporting person:
4,646,698 |
| (10) |
Check if the aggregate amount in row (9) excludes certain shares: ☐
|
| (11) |
Percent
of class represented by amount in row (9):
9.4% (Based on 49,293,392 shares issued and outstanding as of July
28, 2023) |
| (12) |
Type of
reporting person:
IN |
Item 1(a) Name of issuer.
FOXO Technologies Inc.
Item 1(b) Address of issuer’s
principal executive offices.
729 N. Washington Ave., Suite 600
Minneapolis, MN 55401
Item 2(a) Name of person filing.
This Statement is filed on behalf of the following persons (each, a
“Reporting Person” and collectively, the “Reporting Persons”):
| (ii) | Elizabeth C. Freeman, solely in her capacity as trustee of
GWG Wind Down Trust |
Item 2(b) Address or principal business office
or, if none, residence.
The principal business office of each Reporting Person is PO Box 61209,
700 Smith St., Houston, TX 77208-1209.
Item 2(c) Citizenship or place of organization.
GWG Wind Down Trust is a liquidating trust created
under the laws of the state of Texas. Ms. Freeman is a citizen of the United States of America.
Item 2(d) Title of class of securities.
Class A Common Stock, par value $0.0001 per share
Item 2(e) CUSIP Number.
351471107
Item 3. If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| |
(a) |
☐ |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| |
|
|
|
| |
(b) |
☐ |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| |
|
|
|
| |
(c) |
☐ |
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| |
|
|
|
| |
(d) |
☐ |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| |
|
|
|
| |
(e) |
☐ |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| |
|
|
|
| |
(f) |
☐ |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| |
|
|
|
| |
(g) |
☐ |
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| |
|
|
|
| |
(h) |
☐ |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| |
|
|
|
| |
(i) |
☐ |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); and |
| |
|
|
|
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(k) |
☐ |
Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Item 4. Ownership.
The responses to Items 5-11 of the cover pages
of this Schedule 13G are incorporated herein by reference.
On April 20, 2022, GWG
Holdings, Inc. (“GWG”) and certain of its subsidiaries (together with GWG, the “Debtors”) filed a voluntary petition
for reorganization under chapter 11 of title 11 of the U.S. Bankruptcy Code in the Bankruptcy Court (the “Court”) for the
Southern District of Texas. On June 20, 2023, the Court entered an order confirming the Debtors’ Further Modified Second
Amended Joint Chapter 11 Plan (the “Plan”) which was to be effective as soon as all conditions precedent to the Plan
were satisfied or waived as set forth therein.
On August 1, 2023 (the
“Effective Date”), all conditions precedent to the occurrence of the effective date as set forth in the Plan were satisfied
or waived and the Plan became effective. On the Effective Date, in accordance with the Plan, all shares of FOXO Technologies Inc. owned
by the Debtors were transferred to GWG Wind Down Trust.
As of August 11, 2023, GWG Wind Down Trust is
the record holder of 4,646,698 shares of Class A Common Stock, par value $0.0001 per share of FOXO Technologies Inc., representing 9.4%
of the class of securities based on 49,293,392 shares issued and outstanding as of July 28, 2023. Ms. Elizabeth C. Freeman, as the sole
trustee of GWG Wind Down Trust, may be deemed to have beneficial ownership of the securities directly held by GWG Wind Down Trust. Ms.
Freeman disclaims beneficial ownership of such shares.
Item 5. Ownership of 5 Percent or Less of a
Class.
Not applicable
Item 6. Ownership of More than 5 Percent on
Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of
the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of
Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certifications.
By signing below, each Reporting Person certifies
that, to the best of its or her knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with
a nomination under § 240.14a-11.
Signature. After reasonable inquiry and
to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: August 11, 2023
| GWG Wind Down Trust |
|
| |
|
| /s/ Elizabeth C. Freeman |
|
| Elizabeth C. Freeman |
|
| Trustee |
|
| Elizabeth C. Freeman, solely in her capacity as Trustee and not in
any individual capacity |
|
| |
|
| /s/ Elizabeth C. Freeman |
|
| Elizabeth C. Freeman |
|
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative
other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf
of such person shall be filed with the statement, Provided, however, that a power of attorney for this purpose which is already on file
with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
Exhibit I
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the shares of Class A Common Stock, $0.0001 par value per share,
of FOXO Technologis Inc. and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.
The undersigned further agree
that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the
accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible
for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that
such information is inaccurate.
This Joint Filing Agreement
may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of August 11, 2023.
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GWG WIND DOWN TRUST |
| |
|
| |
By: |
/s/ Elizabeth C. Freeman |
| |
Title: |
Trustee |
| |
|
| |
ELIZABETH C. FREEMAN, solely in her |
|
capacity as Trustee and not in any individual capacity |
| |
|
| |
/s/ Elizabeth C. Freeman |
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