---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-004086"
form_type: "8-K"
ticker: "QXO"
cik: "0001236275"
company_name: "QXO, Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:07:14.223272+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001013762-23-004086
- form_type: 8-K
- ticker: QXO
- cik: 0001236275
- company_name: QXO, Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1236275/000101376223004086/0001013762-23-004086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1236275/000101376223004086/ea186823-8k_silversun.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-004086
- JSON: https://secwatch.observer/filing/0001013762-23-004086.json
- Plain text: https://secwatch.observer/filing/0001013762-23-004086.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1236275/000101376223004086/0001013762-23-004086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.