Company: QXO-PB
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001104659-25-062598
Chunk: 16

Company: QXO, Inc.
Filing Date: 2025-06-25
Form: 424B5
Chunk 16
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2025 Equity Offerings”). We received net proceeds from the

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TABLE OF CONTENTS

May 2025 Depositary Shares Offering, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $557.6 million.

The net proceeds of the May 2025 Equity Offerings were used to repay $1.4 billion of QXO Building Products’ Term Loan Facility (as defined below).

#### Proposal to Acquire GMS
On June 18, 2025, we announced that we had sent a proposal to the President and CEO of GMS to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion. In the event we were to proceed with the potential transaction, we expect we would finance the potential transaction with a combination of debt and equity financing (potentially including proceeds of this offering). If GMS elects not to engage or we otherwise do not reach agreement on a transaction with the board of directors of GMS, we may take our offer directly to its shareholders. There can be no assurance that we will engage in discussions with respect to, proceed with or consummate any transaction with GMS. We could choose at any time not to pursue a transaction with GMS or GMS could consummate a transaction with another party. We could also choose to pursue one or more alternative acquisition transactions. If we do consummate a transaction with GMS, such transaction may not be on the terms proposed or within the anticipated time frame.

#### The Transactions
In this prospectus supplement, the “Transactions” refers, collectively, to: (i) the consummation of the Company’s offering of approximately 41.7 million shares of our Common Stock at a public offering price of $13.25 per share and the application of the net proceeds to pay a portion of the consideration for the Beacon Acquisition and related fees and expenses; (ii) QXO Building Products’ (a) issuance of $2,250.0 million 6.75% Senior Secured Notes due 2032 (the “Notes”), (b) incurrence of $2,250.0 million of indebtedness under a senior secured term loan facility (the “Term Loan Facility”), and (c) entry into a $2,000.0 million senior secured asset-based facility (the “ABL Facility”) and incurrence of $400.0 million of indebtedness under