SilverSun amends Rhodium merger deal; extends closing deadline to Sep 30, removes $5M termination fee

QXO, Inc.

Fifth Amendment to merger agreement with Rhodium Enterprises executed July 11, 2023.
Termination date extended to September 30, 2023 from prior unspecified date.
Section 7.06 termination fee provision ($5,000,000) deleted in its entirety.
Rhodium granted enhanced specific performance rights; SilverSun waives opposition to injunction.
Other terms of original merger agreement remain in effect.

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. amended Fifth Amendment to Merger Agreement with Rhodium Enterprises Acquisition Corp., Rhodium Enterprises Acquisition LLC, and Rhodium Enterprises, Inc. (effective 2023-07-11).

Action: amendment
Agreement: merger
Counterparty: Rhodium Enterprises Acquisition Corp., Rhodium Enterprises Acquisition LLC, and Rhodium Enterprises, Inc.
Effective: 2023-07-11

Exact text from the filing

On July 11, 2023, SilverSun Technologies, Inc. (the “Company”) entered into the Fifth Amendment to Merger Agreement (the “Amendment”) with Rhodium Enterprises Acquisition Corp., a Delaware corporation and direct wholly owned subsidiary of the Company, Rhodium Enterprises Acquisition LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Company, and Rhodium Enterprises, Inc., a Delaware corporation (“Rhodium”), amending that certain Agreement and Plan of Merger, dated as of September 29, 2022 by and among the parties referenced above (as amended from time to time, the “Merger Agreement”).

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QXO, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-056451

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