Company: QXO-PB
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0001104659-25-062779
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Company: QXO, Inc.
Filing Date: 2025-06-26
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On June 24, 2025, QXO, Inc. (the
“ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with Goldman Sachs & Co.
LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC (collectively, the “ Underwriters”), pursuant to which the
Company agreed to sell 89,887,640 shares of the Company’s common stock, par value $0.00001 per share (“ Common Stock”),
at a public offering price of $22.25 per share (the “ Offering”). In connection with the Offering, the Company granted the
Underwriters an option to purchase up to an additional 13,483,146 shares of Common Stock. The Company expects to receive net proceeds
from the Offering, after deducting underwriting discounts and commissions, of approximately $1,977.5 million
(or approximately $2,274.2 million if the Underwriters exercise in full their option to purchase additional shares).

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 June 24, 2025, and a final prospectus supplement,
dated June 24, 2025, filed with the SEC on June 25, 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.