Company: QXO-PB
Filing Date: 2025-05-23
Form Type: 8-K
Source: 0001104659-25-052221
Chunk: 0

Company: QXO, Inc.
Filing Date: 2025-05-23
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01      Entry into a Material Definitive Agreement.  

On May 21, 2025, QXO, Inc. (the
“ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with Goldman
Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named in Schedule I
thereto (collectively, the “ Underwriters”), pursuant to which the Company agreed to sell 48,484,849 shares of the
Company’s common stock, par value $0.00001 per share (“ Common Stock”), at a public offering price of $16.50 per
share (the “ Offering”). In connection with the Offering, the Company granted the Underwriters an option to purchase up
to an additional 7,272,727 shares of Common Stock, which the Underwriters exercised in full. The Company expects to receive net proceeds from the Offering, after deducting
underwriting discounts and commissions and estimated offering expenses, of approximately $892.8 million.

The Underwriting Agreement includes customary representations,
warranties and covenants by the Company. It also provides that the Company will indemnify the Underwriters against certain liabilities,
including liabilities under the Securities Act of 1933, as amended (the “ Securities Act”).

The sale of Common Stock was made pursuant to the
Company’s registration statement on Form S-3ASR (File No. 333-281084), as supplemented by a preliminary prospectus supplement,
filed with the Securities and Exchange Commission (the “ SEC”) on May 20, 2025, and a final prospectus supplement, dated
May 21, 2025, filed with the SEC on May 22, 2025 pursuant to Rule 424(b) under the Securities Act.

The foregoing description of the Underwriting Agreement
is not complete and is qualified in its entirety by reference to the complete text of the Underwriting Agreement, a copy of which is attached
as Exhibit 1.1 and incorporated herein by reference.