QXO completes Beacon acquisition, announces $1B equity offering to repay debt

QXO, Inc.

Completed acquisition of Beacon (now QXO Building Products) on April 29, 2025, at $124.35 per share.
Pro forma combined balance sheet as of Mar 31, 2025: total assets $15.9B, equity $7.4B.
Announced May 20, 2025 offering of common stock and mandatory convertible preferred for $1B gross proceeds.
Proceeds intended to repay portion of Senior Secured Term Facility; underwriter options for additional $150M.
Pro forma net loss attributable to common stockholders: FY2024 $231.9M; Q1 2025 $154M.

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