Company: QXO-PB
Filing Date: 2025-03-17
Form Type: 8-K
Source: 0000950142-25-000763
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Company: QXO, Inc.
Filing Date: 2025-03-17
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On March 17, 2025, QXO, Inc. (the
“ Company”) entered into purchase agreements (together, the “ Purchase Agreements”) with certain institutional
investors named therein (the “ Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a
private placement (the “ Private Placement”) approximately 67.5 million shares (the “ Shares”) of the
Company’s common stock, par value $0.00001 per share (the “ Common Stock”), at a purchase price of $12.30 per
share. The aggregate gross proceeds from the Private Placement are expected to be approximately $830 million, before deducting
placement agent fees and offering expenses. The closing of the Private Placement is conditioned upon the concurrent consummation of the Company’s outstanding all-cash tender offer
to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN).

The Purchase Agreements contain customary representations,
warranties and agreements by the Company and the Investors, indemnification obligations of the Company and the Investors, including for
liabilities under the Securities Act of 1933, as amended (the “ Securities Act”), and other obligations of the parties.

In addition, the Purchase Agreements provide
certain registration rights, pursuant to which the Company has agreed to register the resale of the Shares. The Company is required to
use commercially reasonable efforts to file a prospectus supplement with the Securities and Exchange Commission (“ SEC”) covering
the resale by the Investors of their Shares within 30 business days following the closing of the Private Placement.

The Private Placement is exempt from the registration
requirements of the Securities Act pursuant to the exemption for transactions by an issuer not involving any public offering under Section
4(a)(2) of the Securities Act and in reliance on similar exemptions under applicable state laws. The Company relied on this exemption
from registration based in part on representations made by the Investors. The securities sold and issued in the Private Placement are
not registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration
with the SEC or an applicable exemption from the registration requirements. Neither this Current Report on Form 8-K, nor the exhibits
attached hereto, is an offer to sell or the solicitation of an offer to buy the securities described herein.

The foregoing description of the Purchase Agreements
does not