Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
QXO, Inc. issued up to 114,500 shares of Series C Convertible Perpetual Preferred Stock of preferred stock to AP Quince Holdings, L.P. and other investors for aggregate purchase price of $1,145 million at $10,000 per share.
- Security
- preferred stock
- Shares
- up to 114,500 shares of Series C Convertible Perpetual Preferred Stock
- Purchaser
- AP Quince Holdings, L.P. and other investors
- Consideration
- aggregate purchase price of $1,145 million at $10,000 per share
Exact text from the filing
Pursuant to the Investment Agreement, on the terms and subject to the conditions set forth therein, the Convertible Preferred Investors committed until July 15, 2026 (the “Initial Commitment Period”) to purchase up to 114,500 shares in the aggregate of a new series of Series C Convertible Perpetual Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), of QXO for an aggregate purchase price of $1,145 million (at a stated value of $10,000 per share) (the “Convertible Preferred Investment”) to fund one or more Qualifying Acquisitions (as defined below), in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
QXO, Inc. entered into Investment Agreement with AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc. and the other investors party thereto valued at $1,145 million (effective 2026-01-05).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc. and the other investors party thereto
- Value
- $1,145 million
- Effective
- 2026-01-05
Exact text from the filing
On January 5, 2026, QXO, Inc. (“QXO” or the “Company”) entered into an Investment Agreement (the “Investment Agreement”) with AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc. (together with its affiliates, the “Apollo Investor”) and the other investors party thereto (and, together with the Apollo Investor, the “Convertible Preferred Investors”).
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