XML 45 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1
Subsequent Events (Details) - Subsequent Event [Member] - USD ($)
Mar. 07, 2022
Feb. 24, 2022
Feb. 23, 2022
Subsequent Events (Details) [Line Items]      
Principal amount     $ 2,000,000
Withdrawn amount $ 0    
Transaction agreement   In connection with the FOXO Transaction Agreement, we also entered into several ancillary agreements, including: (i) a Common Stock Purchase Agreement with CF Principal Investments LLC (“Cantor”), pursuant to which, the Combined Company (as defined therein) after the closing of the FOXO Transaction Agreement has the right from time to time to sell to Cantor up to $40 million in shares of its Class A common stock, subject to certain limitations and conditions set forth therein and (ii) certain subscription agreements with Andrew J. Poole, our Chairman and Chief Executive Officer, and The Gray Insurance Company, which is an affiliate of certain of our officers and directors (the “Backstop Investors”), pursuant to which, in the event that, at the Closing (as defined in the FOXO Transaction Agreement), we have cash or cash equivalents of less than $10,000,000, the Backstop Investors will subscribe for up to 1,000,000 shares of our Class A common stock, subject to certain limitations and conditions set forth therein.