secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001104659-24-097983
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO announces $350M common stock offering to partly fund Coyote Logistics acquisition from UPS
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- $350M common stock offering; underwriters option for additional $52.5M.
- Proceeds to finance portion of pending acquisition of Coyote Logistics from UPS.
- Acquisition expected close by Sep 20, 2024; offering not contingent on closing.
- Joint book-runners: Goldman Sachs, BofA Securities, Citigroup, Morgan Stanley.
- If acquisition not consummated, proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924097983/0001104659-24-097983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924097983/tm2423585d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097983

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