secwatch.observer — SEC 8-K summary
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Issuer:     QXO, Inc. (QXO)
CIK:        0001236275
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001104659-26-000366
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QXO secures $1.145B convertible preferred investment from Apollo for acquisitions
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- Apollo and other investors commit up to $1.145B for new Series C convertible perpetual preferred stock at $10,000/share.
- Preferred dividend 4.75% per annum; initial conversion price $23.25 per share; conversion option at holder's request.
- Proceeds for qualifying acquisitions >$1.5B; initial commitment period ends July 15, 2026, extendable up to 12 months.
- Company may force conversion after 2 years if stock price exceeds 175% of conversion price; redemption after 7 years.
- Standstill restricts Apollo from exceeding 7.5% beneficial ownership; transfer restrictions until April 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1236275/000110465926000366/0001104659-26-000366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1236275/000110465926000366/tm261770d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-000366

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer