SilverSun terminates merger with Rhodium after failing to close by Sept 30 deadline

QXO, Inc.

Terminated merger agreement originally dated Sept 29, 2022, amended six times.
Closing had not occurred on or before Sept 30, 2023; SilverSun exercised termination right.
No termination fee or breakup payment disclosed in the filing.
Deal structure involved SilverSun subsidiaries Rhodium Enterprises Acquisition Corp. and LLC.

item 1.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QXO, Inc. terminated Merger Agreement with Rhodium Enterprises, Inc. (effective 2023-10-13).

Action: termination
Agreement: merger
Counterparty: Rhodium Enterprises, Inc.
Effective: 2023-10-13

Exact text from the filing

On October 13, 2023, SilverSun Technologies, Inc. (the “Company”) terminated the Agreement and Plan of Merger dated as of September 29, 2022 and amended on each of October 20, 2022; December 21,2022; March 13, 2023; April 28, 2023; July 11, 2023; and September 6, 2023, by and among the Company, Rhodium Enterprises Acquisition Corp., a Delaware corporation and direct wholly owned subsidiary of the Company, Rhodium Enterprises Acquisition LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Company, and Rhodium Enterprises, Inc., a Delaware corporation (“Rhodium”), (as amended, the “Merger Agreement”).

View on SEC.gov

Browse all material agreements →

QXO, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-004086

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.