other material
confidence high
sentiment neutral
materiality 0.50
QXO files prospectus supplement for resale of up to 95.9M common shares by selling stockholders
QXO, Inc.
- Prospectus supplement covers resale of 95,876,547 common shares: 13,066,710 outstanding and 82,809,837 issuable upon conversion of Series C Preferred Stock.
- Also covers resale of 192,533 shares of Series C Convertible Perpetual Preferred Stock.
- Legal opinion of Paul, Weiss filed as Exhibit 5.1; registration statement originally filed July 29, 2024 on Form S-3ASR.
- Shares are registered for resale by selling stockholders, not a primary offering by the company.