QXO Upsizes Convertible Preferred Equity Placement to $3 Billion
QXO, Inc. (QXO)
Company Research
Source: Business Wire
Apollo and Temasek Lead Expanded Capital Commitment to Fund Future Acquisitions GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), bringing the total investment in QXO to $3 billion. Apollo, Temasek, and certain other investors have agreed to make the investment through the previously disclosed series of convertible perpetual preferred stock (the “Series C Preferred Stock”). The investment further strengthens QXO’s financial flexibility to pursue strategic acquisition opportunities.Under the investment agreement, the investors have committed to purchase Series C Preferred Stock to fund one or more qualifying acquisitions through July 15, 2026. This commitment will be extended for up to an additional 12 months if a definitive acquisition agreement is executed before the i
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QXO
News
- QXO (NYSE:QXO) had its "buy" rating reaffirmed by analysts at Benchmark Co..MarketBeat
- QXO (NYSE:QXO) had its "outperform" rating reaffirmed by analysts at Oppenheimer Holdings, Inc..MarketBeat
- QXO Announces Pricing of Common Stock OfferingBusiness Wire
- QXO Announces Common Stock OfferingBusiness Wire
- QXO Announces Fourth Quarter Summarized Preliminary Financial InformationBusiness Wire
QXO
Earnings
- 11/6/25 - In-Line
QXO
Sec Filings
- 1/20/26 - Form 8-K
- 1/16/26 - Form 424B5
- 1/16/26 - Form 424B5
- QXO's page on the SEC website