{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-092337","form_type":"8-K","ticker":"QXO","cik":"0001236275","company_name":"QXO, Inc.","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.470145+00:00","generated_at":"2026-06-07T18:35:38.672730+00:00","sec_items":["1.01","5.02","3.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Jacobs Private Equity invests $1B in SilverSun, becomes controlling stockholder; plans spin-off","bullets":["JPE and co-investors to invest $1B cash ($900M JPE; $100M others including Sequoia Heritage). Jacobs becomes Chairman and CEO; JPE to own ~99.85% on as-converted basis.","Existing SilverSun business to be spun off to current stockholders; Mark Meller to lead spin-off. $2.5M cash dividend to record-date stockholders.","8:1 reverse stock split prior to close. Preferred stock convertible at $4.57/share post-split; warrants at $4.57, $6.85, $13.70.","Post-spin company to be a platform for major acquisitions in a new industry to be announced later.","Transaction requires stockholder approval and antitrust clearance; $600K termination fee if Superior Proposal."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-092337","json":"https://secwatch.observer/filing/0001213900-23-092337.json","markdown":"https://secwatch.observer/filing/0001213900-23-092337.md","text":"https://secwatch.observer/filing/0001213900-23-092337.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1236275/000121390023092337/0001213900-23-092337-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1236275/000121390023092337/ea189429-8k_silversun.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:35:38.672730+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f9da8eb422","claim":"Mark Meller was terminated as other_named_officer at QXO, Inc..","evidence_excerpt":"the Amended and Restated Employment Agreement, dated as of February 4, 2016 by and between Mark Meller and the Company (the “Meller Employment Agreement”), will be terminated and liquidated as of immediately prior to the Closing.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1236275/000121390023092337/0001213900-23-092337-index.htm","confidence":0.7,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"}],"fact_type":"executive_change"},{"claim_id":"62a27d02d4a735ea5f9a9a9e503983f91b2284c8","claim":"QXO, Inc.: Eliminated Series A Preferred Stock by filing Certificate of Elimination, returning those shares to authorized but unissued status (effective 2023-12-01).","evidence_excerpt":"On December 1, 2023, SilverSun filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s Series A Preferred Stock (the “ Series A Preferred Stock ”), pursuant to which the Series A Preferred Stock was eliminated and returned to the status of authorized and unissued preferred shares of the Company.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1236275/000121390023092337/0001213900-23-092337-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-12-01"}],"fact_type":"governance_change"},{"claim_id":"7538fccc370981c0f287fb59c05166d676607674","claim":"QXO, Inc. entered into Investment Agreement with Jacobs Private Equity II, LLC valued at $1,000,000,000 Equity Investment, 1,000,000 shares of Convertible Perpetual Preferred Stock, warrant (effective 2023-12-03).","evidence_excerpt":"On December 3, 2023, SilverSun Technologies, Inc., a Delaware corporation (“ SilverSun ” or the “ Company ”), entered into an Investment Agreement (the “ Investment Agreement ”), with Jacobs Private Equity II, LLC, a Delaware limited liability company (“ JPE ”), and the other investors party thereto (collectively with JPE, the “ Investors ”), providing for an aggregate investment by the Investors of $1,000,000,000 in cash in the Company (collectively, the “ Equity Investment ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1236275/000121390023092337/0001213900-23-092337-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Jacobs Private Equity II, LLC"},{"label":"Value","value":"$1,000,000,000 Equity Investment, 1,000,000 shares of Convertible Perpetual Preferred Stock, warrant"},{"label":"Effective","value":"2023-12-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}