secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-051009
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QXO launches $1.0B concurrent common stock and mandatory convertible preferred offerings
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- Gross proceeds of $1.0B from concurrent offerings of common stock and depositary shares (Series B Mandatory Convertible Preferred).
- Underwriters have options to purchase up to $150M additional shares to cover over-allotments.
- Net proceeds to repay senior secured term loan facility and strengthen position for future acquisitions.
- Mandatory convertible preferred will automatically convert into common stock on or about May 15, 2028.
- Goldman Sachs and Morgan Stanley are lead joint bookrunning managers; QXO intends to list depositary shares as QXO.PRB.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000110465925051009/0001104659-25-051009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000110465925051009/tm2515683d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051009

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