SilverSun amends merger agreement with Rhodium; removes no-shop, adds $3.25M break fee for alternative deals

QXO, Inc.

Sixth Amendment removes no-shop provisions; parties may pursue alternative transactions without consent.
If a party enters an alternative transaction, it must pay the other $3.25M at closing as sole remedy.
Rhodium must initially consent before SilverSun sets a record date or declares the S-4 effective.
Termination date extended to September 30, 2023; termination right if either party signs an alternative deal.

item 1.01 item 9.01

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 Sixth Amendment to Merger Agreement with Rhodium Enterprises, Inc. (effective 2023-09-06).

Action: amendment
Agreement: merger
Counterparty: Rhodium Enterprises, Inc.
Effective: 2023-09-06

Exact text from the filing

On September 6, 2023, SilverSun Technologies, Inc. (the “Company”) entered into the Sixth 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 0001213900-23-075468

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