---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-087598"
form_type: "8-K"
ticker: "QXO"
cik: "0001236275"
company_name: "QXO, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:03:10.333534+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SWK Technologies acquires JCS Computer Resource for $1.325M; adds 350+ Sage 100 customers

## Summary
- Purchase price $1.325M: $300K cash + $1.025M 3-year promissory note at 4.25% interest.
- Note subject to downward adjustment up to $200K if SWK loses JCS customer subscription revenue within one year.
- Acquisition adds over 350 Sage 100 customers and expands SWK's Midwest geographic footprint.
- One-year consulting agreement with JCS president Jennifer O'Brien for $35,000 annual base salary.
- CEO Mark Meller expects quick, seamless transition; both companies have worked together previously.

## SEC filing metadata
- accession: 0001213900-23-087598
- form_type: 8-K
- ticker: QXO
- cik: 0001236275
- company_name: QXO, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1236275/000121390023087598/0001213900-23-087598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1236275/000121390023087598/ea188553-8k_silversun.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-087598
- JSON: https://secwatch.observer/filing/0001213900-23-087598.json
- Plain text: https://secwatch.observer/filing/0001213900-23-087598.txt

## Key facts
- Material Agreements
  QXO, Inc. entered into Asset Purchase Agreement with JCS Computer Resource Corporation valued at $1,325,000 (effective 2023-11-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: JCS Computer Resource Corporation
  - Value: $1,325,000
  - Effective: 2023-11-13
  source text: On November 13 , 2023 (the “Effective Date”), SWK Technologies, Inc. (“SWK”), a wholly-owned subsidiary of SilverSun Technologies, Inc., entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with JCS Computer Resource Corporation, an Illinois corporation (“JCS”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1236275/000121390023087598/0001213900-23-087598-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.