RXO raises $550M via private placement of stock and warrants for Coyote deal

RXO, Inc.

Entered purchase agreements with MFN Partners and Orbis Investments for $550M private placement.
Issued 20,954,780 shares at $20.21/share and pre-funded warrants for 6,259,471 shares at $20.20/warrant.
Proceeds to partially fund the pending acquisition of Coyote Logistics from UPS, expected to close in H1 Q4 2024.
Warrants exercisable at $0.01/share with some subject to stockholder approval by Dec 31, 2024; lock-up of 120 days.
Registration statement for resale of shares to be filed within 90 days post-closing.

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.