Company: QXO-PB
Filing Date: 2025-04-29
Form Type: SC TO-T/A
Source: 0000950142-25-001200
Chunk: 2

Company: QXO, Inc.
Filing Date: 2025-04-29
Form: SC TO-T/A
Chunk 2
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 total of 44,835,447 Shares (excluding any Shares tendered pursuant to guaranteed delivery procedures that have not yet
been “received,” as such term is defined by Section 251(h)(6) of the DGCL) were validly tendered and not validly withdrawn
in the Offer, representing approximately 72.06% of the outstanding Shares, as of the Offer Expiration Time. In addition, the Depositary
has advised Purchaser that, as of the Offer Expiration Time, Notices of Guaranteed Delivery had been delivered with respect to 6,098,763
additional Shares, representing approximately 9.8% of the outstanding Shares as of the Offer Expiration Time.

The number of Shares validly tendered
(excluding any Shares tendered pursuant to guaranteed delivery procedures that have not yet been “received,” as such term
is defined by Section 251(h)(6) of the DGCL) and not validly withdrawn in the Offer satisfies the Minimum Tender Condition. As all conditions
to the Offer have been satisfied or waived, the Purchaser has irrevocably accepted for payment all Shares validly tendered (and not validly
withdrawn) in the Offer and will promptly pay for all such Shares in accordance with the terms of the Offer and the Merger Agreement.

As a result of its acceptance of the
Shares validly tendered (and not validly withdrawn) in the Offer, the Purchaser acquired a sufficient number of Shares to complete the
Merger without a vote of the stockholders of Beacon pursuant to Section 251(h) of the DGCL. Accordingly, on April 29, 2025, the Purchaser
expects to effect the Merger under Section 251(h) of the DGCL, pursuant to which the Purchaser will merge with and into Beacon, with Beacon
surviving as a wholly owned subsidiary of QXO. At the effective time of the Merger, each Share outstanding that is not tendered and accepted
pursuant to the Offer (other than (i) Shares owned by QXO, Purchaser or any other direct or indirect wholly owned subsidiary of QXO at
the commencement of the Offer and which are owned by QXO, Purchaser or any other direct or indirect wholly owned subsidiary of QXO immediately
prior to the effective time of the Merger and not, in each case, held on behalf of third parties, (ii) Shares held in treasury of Beacon
or held by