QXO upsizes convertible preferred equity placement to $3B led by Apollo and Temasek

QXO, Inc.

QXO raises $3B total commitment via Series C Convertible Perpetual Preferred Stock, up from $1.2B.
Apollo and Temasek lead expanded investment; aggregate purchase price up to $3B.
Funds earmarked for one or more qualifying acquisitions through July 15, 2026, extendable.
Series C issuance and closings will occur concurrently with future acquisition closings.
Company plans to file registration statement for resale of Series C and underlying common stock.

Key facts

Extracted from this filing and checked against the source text.

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. and other investors valued at aggregate purchase price of $3.0 billion (effective 2026-01-12).

Action: entry
Agreement: equity purchase
Counterparty: AP Quince Holdings, L.P. and other investors
Value: aggregate purchase price of $3.0 billion
Effective: 2026-01-12

Exact text from the filing

On January 12, 2026, QXO, Inc. (“QXO” or the “Company”) and certain new investors entered into joinders to the Investment Agreement, dated as of January 5, 2026 (the “Investment Agreement”), among AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc., and the other investors party thereto (collectively, the “Convertible Preferred Investors”).

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Source: SEC EDGAR

accession 0001104659-26-002656

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