QXO raises $620M in new private placement, appoints Jared Kushner to board, expects ~$5B cash

QXO, Inc.

Raises $620M via 67.8M shares at $9.14; closes July 25. Affinity Partners invests $150M.
Previous $3.5B private placement closed July 19; combined pro forma cash ~$5.0B and no debt.
Post-closing common shares ~409.4M; fully diluted ~889.4M assuming cash warrant exercise.
Jared Kushner appointed to board as independent director, effective immediately.
Proceeds intended to fund acquisitions in building products distribution industry.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Jared C. Kushner

Director

QXO · QXO, Inc.

Effective: 2024-07-22
Filed: July 22, 2024, 7:59 PM ET

appointed Jared C. Kushner to the Board, effective the same day.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jared C. Kushner was appointed as Director at QXO, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Jared C. Kushner to the Board, effective the same day.

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QXO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-081341

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