Company: QXO-PB
Filing Date: 2025-03-20
Form Type: 8-K
Source: 0001140361-25-009591
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-03-20
Form: 8-K
Item: Item 1.01
Chunk 1
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 date of the Offer, any of the Offer Conditions have not been satisfied or waived, QXO shall cause
Merger Sub to extend the Offer for successive periods of not more than 5 business days, or for such longer period as the parties agree, in order to permit the satisfaction of the Offer Conditions, provided that QXO and Merger Sub shall not
be required to extend the Offer past May 20, 2025 (the “ Outside Date”).

The Merger. Following
consummation of the Offer and, subject to the satisfaction or waiver of certain customary conditions set forth in the Merger Agreement, Merger Sub will be merged with and into Beacon (the “ Merger”), with Beacon surviving the Merger as a wholly
owned subsidiary of QXO (the “ Surviving Corporation”), without a vote of the stockholders of Beacon, in accordance with Section 251(h) of the General Corporation Law of the State of Delaware (the “ DGCL”). The Merger will be effected (such
time, the “ Effective Time”) as soon as practicable following (and in any event, on the same day as) the consummation of the Offer.

Merger Consideration.
Pursuant to the Merger Agreement, at the Effective Time, each Share outstanding that is not tendered and accepted pursuant to the Offer, including, for the avoidance of doubt, Shares received from the settlement of RSU Awards and PSU Awards or
the exercise of Options prior to the Effective Time (each, as defined below) (other than (i) Shares owned by QXO, Merger Sub or any other direct or indirect wholly owned Subsidiary of QXO at the commencement of the Offer and which are owned
by QXO, Merger Sub or any other direct or indirect wholly owned Subsidiary of QXO immediately prior to the Effective Time and not, in each case, held on behalf of third parties, (ii) Shares held in treasury of Beacon or held by any
direct or indirect wholly owned Subsidiary of Beacon, (iii) Shares irrevocably accepted for purchase in the Offer and (iv) Shares held by stockholders of Beacon who have demanded appraisal of such Shares pursuant to, and who comply in all
respects with, Section 262 of the DGCL) will thereupon be cancelled and automatically converted into the right to receive cash in an amount equal to the Offer Price, without interest (the “ Merger Consider