secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001104659-24-081341
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000110465924081341/0001104659-24-081341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000110465924081341/tm2419875d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081341

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer