Company: QXO-PB
Filing Date: 2025-04-21
Form Type: SC TO-T/A
Source: 0000950142-25-001123
Chunk: 2

Company: QXO, Inc.
Filing Date: 2025-04-21
Form: SC TO-T/A
Chunk 2
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 the “Underwriters”),
pursuant to which QXO sold 37,735,850 shares of QXO’s common stock, at a public offering price of $13.25 per share (the “Equity
Offering”). In connection with the Equity Offering, QXO granted the Underwriters an option to purchase up to an additional 5,660,377
shares of QXO’s common stock. QXO received net proceeds from the Equity Offering, after deducting underwriting discounts and commissions,
of approximately $490.0 million (or will receive approximately $564.2 million if the Underwriters exercise in full their option to purchase
additional shares).

QXO and the Purchaser expect, based upon
the combination of internally available cash, borrowings under the Committed Debt Financing, net proceeds from the Private Placement and
Equity Offering, to have sufficient cash on hand at the expiration of the Offer to pay the offer price for all Shares in the Offer, to
refinance certain indebtedness in connection with the transaction and to pay related fees and expenses. Consummation of the Offer is not
conditioned upon any financing arrangements or subject to a financing condition. See “The Offer—Section 10—Source and
Amount of Funds.””

Item 7. Source and Amount of Funds or Other Consideration.

Item 7 of the Schedule TO and the disclosure
under Section 10 “Source and Amount of Funds” of the Offer to Purchase are hereby amended and supplemented by inserting the
following paragraphs at the end of Section 10:

“Equity Offering.

On April 16, 2025, QXO entered into an
underwriting agreement with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC (collectively, the “Underwriters”),
pursuant to which QXO sold 37,735,850 shares of QXO’s common stock, at a public offering price of $13.25 per share (the “Equity
Offering”). In connection with the Equity Offering, QXO granted the Underwriters an option to purchase up to an additional 5,660,377
shares of QXO’s common stock. QXO received net proceeds from the Equity Offering, after deducting underwriting discounts and commissions,
of approximately $490.0 million (or will receive approximately $564.2 million if the Underwriters exercise in full their option to purchase
additional shares).”

Item 12.