---
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"
generated_at: "2026-05-20T10:17:21.808713+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# QXO raises $557.6M via 5.50% Series B Mandatory Convertible Preferred Offering

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-052978
- JSON: https://secwatch.observer/filing/0001104659-25-052978.json
- Plain text: https://secwatch.observer/filing/0001104659-25-052978.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.