Company: QXO-PB
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001140361-25-016371
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-04-29
Form: 8-K
Item: Item 2.01
Chunk 1
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 commencement of the
Offer and which are owned by QXO, Merger Sub or any other direct or indirect wholly owned Subsidiary of QXO immediately prior to the Effective Time and not, in each case, held on behalf of third parties, (ii) Shares held in treasury of Beacon or
held by any direct or indirect wholly owned Subsidiary of Beacon, (iii) Shares irrevocably accepted for purchase in the Offer and (iv) Shares held by stockholders of Beacon who have demanded appraisal of such Shares pursuant to, and who comply in
all respects with, Section 262 of the DGCL, were cancelled and automatically converted into the right to receive cash in an amount equal to the Offer Price, without interest (the
“Merger Consideration”).

Pursuant to the terms of the Merger Agreement, at the Effective Time:

  (i)      each restricted stock unit award for which vesting is solely based on service-based conditions (each, a “ RSU Award ”)                                                                                

  (ii)      each (1) option to purchase Shares, (2) RSU Award that is not a Cash-Out RSU Award (each, an “ Assumed RSU Award ”)                                                                                   

6

The foregoing descriptions of the Offer, the Merger and the Merger
Agreement in this Item 2.01 do not purport to be complete and are qualified in their entirety by the full text of the Merger Agreement, a copy of which was filed as Exhibit 2.1 to QXO’s Current Report on Form 8-K, filed with the Securities and
Exchange Commission (the “ SEC March 20, 2025, and is incorporated by reference herein.