{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-052978","form_type":"8-K","ticker":"QXO","cik":"0001236275","company_name":"QXO, Inc.","filed_at":"2025-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.759454+00:00","generated_at":"2026-05-20T10:17:21.808713+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"QXO raises $557.6M via 5.50% Series B Mandatory Convertible Preferred Offering","bullets":["Issued 10M depositary shares at $50 each, each representing 1/20 interest in a 5.50% Series B Mandatory Convertible Preferred share.","Underwriters exercised over-allotment fully; net proceeds approximately $557.6M after discounts and expenses.","Preferred stock accrues dividends at 5.50% on $1,000 liquidation preference, payable quarterly starting August 15, 2025.","Unless earlier converted, each preferred share automatically converts into 49.474 to 60.606 common shares on May 15, 2028.","No common dividends or share repurchases allowed unless all accumulated preferred dividends are paid."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-052978","json":"https://secwatch.observer/filing/0001104659-25-052978.json","markdown":"https://secwatch.observer/filing/0001104659-25-052978.md","text":"https://secwatch.observer/filing/0001104659-25-052978.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1236275/000110465925052978/0001104659-25-052978-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1236275/000110465925052978/tm2515387d9_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T10:17:21.808713+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}