Company: QXO-PB
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001104659-25-052059
Chunk: 73

Company: QXO, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 73
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 nearest $0.0001, and is initially $16.5000.

The “threshold appreciation price” equals $1,000, divided by the minimum conversion rate, rounded to the nearest $0.0001, which initially is $20.2126 and represents a premium of approximately 22.5% over the initial price.

We refer to the minimum conversion rate and the maximum conversion rate collectively as the “fixed conversion rates.” The fixed conversion rates and the applicable market value are each subject to adjustment as described under the section titled “— Anti-dilution Adjustments” below.

Hypothetical conversion values upon mandatory conversion

For illustrative purposes only, the following table shows the number of shares of our common stock that a holder of our Mandatory Convertible Preferred Stock would receive upon mandatory conversion of one share of Mandatory Convertible Preferred Stock at various applicable market values for our common stock. The table assumes that there will be no conversion rate adjustments as described below under the section titled “— Anti-dilution Adjustments” and that dividends on the shares of Mandatory Convertible Preferred Stock will be declared and paid in cash. The actual applicable market value of shares of our common stock may differ from those set forth in the table below. Given an initial price of $16.5000 and a threshold appreciation price of $20.2126, a holder of our Mandatory Convertible Preferred Stock would receive on the mandatory conversion date the number of shares of our common stock per share of our Mandatory Convertible Preferred Stock set forth below:

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TABLE OF CONTENTS

| Applicable Market Value of Our Common Stock | ​ | ​ | Number of Shares of ourCommon Stock to BeReceived Upon Conversion |   |         |   | ​ | ​ | Conversion Value(Applicable MarketValueMultipliedby theNumber of Shares of OurCommon Stock to BeReceived Upon Conversion) |   |         |   | ​ |
|:--------------------------------------------|:--|:--|:------------------------------------------------------------------|:--|--------:|:--|:--|:--|:--------------------------------------------------------------------------------------------------------------------------|:--|--------:|:--|:--|
| $8.00                                       | ​ | ​ | ​                                                                 | ​ | 60.6060 | ​ | ​ | ​ | ​                                                                                                                         | $ |  484.85 | ​ | ​ |
| $10.00                                      | ​ | ​ | ​                                                                 | ​ | 60.6060 | ​ | ​ |