Company: QXO-PB
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001104659-25-052059
Chunk: 100

Company: QXO, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 100
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 of our common stock per Depositary Share, subject to adjustment, or during a fundamental change conversion period at the fundamental change conversion rate, as described below. For a description of the terms and conditions on which our Mandatory Convertible Preferred Stock is convertible at the option of holders of Mandatory Convertible Preferred Stock, see the sections titled “Description of Mandatory Convertible Preferred Stock — Conversion at the Option of the Holder” and “Description of Mandatory Convertible Preferred Stock — Conversion at the Option of the Holder upon Fundamental Change; Fundamental Change Dividend Make-whole Amount” in this prospectus supplement.

The following table sets forth the fundamental change conversion rate per Depositary Share, subject to adjustment as described under the section titled “Description of Mandatory Convertible Preferred Stock — Conversion at the Option of the Holder upon Fundamental Change; Fundamental Change Dividend Make-whole Amount,” based on the effective date of the fundamental change and the stock price in the fundamental change:

<div align='center'>S-58</div>

TABLE OF CONTENTS

| ​              
 Effective Date 
 May 27, 2025   
 May 15, 2026   | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | Stock Price 
 $8.00       
 ​           
 ​           | ​ 
 ​ | 2.7249 
 2.8748 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $10.00 
 ​      
 ​      | ​ 
 ​ | 2.6680 
 2.8072 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $12.00 
 ​      
 ​      | ​ 
 ​ | 2.6227 
 2.7441 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $14.00 
 ​      
 ​      | ​ 
 ​ | 2.5868 
 2.6891 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $16.50 
 ​      
 ​      | ​ 
 ​ | 2.5521 
 2.6328 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $18.00 
 ​      
 ​      | ​ 
 ​ | 2.5355 
 2.6053 | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | $19.00 
 ​      
 ​      | ​ 
 ​