secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098769
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO upsizes and prices $500M common stock offering at $26/share to fund Coyote Logistics acquisition
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- RXO upsized offering to $500M gross proceeds, priced 19,230,770 shares at $26.00/share; underwriter option for additional 2,884,615 shares.
- Net proceeds ~$479M after estimated offering expenses; expected to close September 11, 2024.
- Proceeds to partially finance pending acquisition of Coyote Logistics from UPS; acquisition expected by September 20, 2024.
- If acquisition not consummated, proceeds to be used for general corporate purposes; offering not contingent on acquisition.
- Joint book-running managers: Goldman Sachs, BofA Securities, Citigroup, Morgan Stanley; additional managers listed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924098769/0001104659-24-098769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924098769/tm2423585d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098769

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