Company: QXO-PB
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001104659-25-052059
Chunk: 61

Company: QXO, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 61
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 Stock as to dividend rights and rights upon our liquidation, winding-up or dissolution (which we refer to collectively as “parity stock”);

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junior to (i) our existing Convertible Perpetual Preferred Stock and (ii) each other class or series of capital stock issued after the initial issue date the terms of which expressly provide that such capital stock will rank senior to the Mandatory Convertible Preferred Stock as to dividend rights or rights upon our liquidation, winding-up or dissolution (which we refer to collectively as “senior stock”); and

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junior to our existing and future indebtedness.

In addition, the Mandatory Convertible Preferred Stock, with respect to dividend rights and rights upon our liquidation, winding-up or dissolution, will be structurally subordinated to existing and future indebtedness of our subsidiaries as well as the capital stock of our subsidiaries held by third parties.

At March 31, 2025, we had 1,000,000 shares of the Convertible Perpetual Preferred Stock, constituting senior stock, outstanding, and, after giving effect to the Transactions, we would have had $3,555.1 million of outstanding senior unsecured indebtedness.

#### Dividends
Subject to the rights of holders of any class of capital stock ranking senior to the Mandatory Convertible Preferred Stock with respect to dividends, including the Convertible Perpetual Preferred Stock, holders of shares of Mandatory Convertible Preferred Stock will be entitled to receive, when, as and if declared by our board of directors, or an authorized committee thereof, out of funds legally available for payment, cumulative dividends at the rate per annum of 5.50% on the liquidation preference of $1,000 per share of Mandatory Convertible Preferred Stock (equivalent to $55.00 per annum per share), payable in cash, by delivery of shares of our common stock or through any combination of cash and shares of our common stock, as determined by our board of directors (or an authorized committee thereof) in its sole discretion (subject to the limitations described below). See the section titled “— Method of Payment of Dividends.” Declared dividends on the Mandatory Convertible Preferred Stock will be payable quarterly on February 15, May 15, August 15 and November 15 of each year to, and including, May 15, 2028, commencing on, and including, August 15, 2025 (each, a “dividend payment date”), at such annual rate, and dividends shall accumulate