Company: QXO-PB
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001104659-25-052059
Chunk: 82

Company: QXO, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 82
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      | ​ | 55.5560 | ​ | ​ | ​ | ​      | ​ | 52.6320 | ​ | ​ | ​ | ​      | ​ | 49.4740 | ​ | ​ | ​ | ​      | ​ | 49.4740 | ​ | ​ | ​ | ​      | ​ | 49.4740 | ​ | ​ | ​ | ​      | ​ | 49.4740 | ​ | ​ | ​ | ​      | ​ | 49.4740 | ​ | ​ |

The exact stock price and effective date may not be set forth in the table, in which case: • if the stock price is between two stock prices on the table or the effective date is between two effective dates on the table, the fundamental change conversion rate will be determined by straight-line interpolation between the fundamental change conversion rates set forth for the higher and lower stock prices and the earlier and later effective dates, as applicable, based on a 365-day or 366-day year, as applicable; • if the stock price is in excess of $28.00 per share (subject to adjustment in the same manner as the column headings of the table above), then the fundamental change conversion rate will be the minimum conversion rate; and S-47

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if the stock price is less than $8.00 per share (subject to adjustment in the same manner as the column headings of the table above), then the fundamental change conversion rate will be the maximum conversion rate.

#### Make-whole dividend amount
For any shares of Mandatory Convertible Preferred Stock that are converted during the fundamental change conversion period, subject to the limitations described below, we may pay the make-whole dividend amount, determined in our sole discretion:

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by paying cash;

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by delivering shares of our common stock; or

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through any combination of paying cash and delivering shares of our common stock.

We will pay the make-whole dividend amount in cash, except to the extent we elect on or prior to the second business day following the effective date of a fundamental change to make all or any portion of such payments by delivering shares of our common stock. If we elect to make any payment of the make-whole dividend amount, or any portion thereof, in shares of our common stock, such shares shall be valued for such purpose at 97% of the stock price.

No fractional shares of common stock will be delivered to the holders of the Mandatory Convertible Preferred Stock in respect of the