Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 31

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 31
---
 in planning for the Acquisition and the associated integration, of which we would lose the benefit if the Acquisition is not completed; |

| • | we are responsible for certain transaction costs relating to the Acquisition, whether or not the Acquisition is completed; |

| • | while the Merger Agreement is in force, we are subject to certain restrictions on the conduct of our business, including taking any action that that would reasonably be expected to have |

| • | a material negative impact on or material delay to the satisfaction of the conditions in the Merger Agreement required to consummate the Acquisition, which restrictions may adversely affect our ability to execute certain of our business strategies; and |

| • | matters relating to the Acquisition (including integration planning) may require substantial commitments of time and resources by our management, whether or not the Acquisition is completed, which could otherwise have been devoted to other opportunities that may have been beneficial to us. |

S-17

TABLE OF CONTENTS

In addition, if the Acquisition is not completed, we may experience negative reactions from the financial markets and from our customers and employees. We also may be subject to litigation related to any failure to complete the Acquisition or to enforcement proceedings commenced against us to perform our obligations under the Merger Agreement. If the Acquisition is not completed, these risks may materialize and may adversely affect our business, financial results and financial condition, as well as the price of our Common Stock. While the Acquisition is pending, we and Beacon will be subject to business uncertainties that could adversely affect our respective businesses. Our success following the Acquisition will depend in part upon the ability of us and Beacon to maintain our respective business relationships. Uncertainty about the effect of the Acquisition on customers, suppliers, employees and other constituencies may have a material adverse effect on us and Beacon. Customers, suppliers and others who deal with us or Beacon may delay or defer business decisions, decide to terminate, modify or renegotiate their relationships or take other actions as a result of the Acquisition that could negatively affect the revenues, earnings and cash flows of our company or Beacon. If we are unable to maintain these business and operational relationships, our financial position, results of operations or cash flows could be materially affected. Risks Related to Our Indebtedness We expect to incur substantial additional indebtedness in connection with the Acquisition. After giving effect to the Transactions, we will be a highly leveraged company. We expect to incur substantial indebtedness in connection with the Acquisition. Upon completion of the Transactions, we expect to have approximately $4.8 billion of