Qxo Inc.
QXO Secures $1.2 Billion Convertible Preferred Equity Investment from Apollo for Acquisitions
Summary
On January 5, 2026, QXO, Inc. announced a $1.2 billion convertible preferred equity investment led by Apollo Global Management, Inc. and other investors. This investment, consisting of a new series of Series C Convertible Perpetual Preferred Stock, aims to fund one or more acquisitions up to July 15, 2026, with an option to extend the commitment period by an additional 12 months if a definitive acquisition agreement is executed before the initial period ends. The Series C Preferred Stock features a 4.75% annual dividend and an initial conversion price of $23.25 per share into common stock. The investment is exempt from Securities Act registration requirements, with the company committed to registering the resale of the securities. The press release, attached as Exhibit 99.1, provides further details on the terms and conditions of the investment.
Profitelligence Alerts
Get alerts for QXO
Be first to know when Qxo Inc. files with the SEC.
Filing Categories
Advertisement
About Qxo Inc.
Qxo Inc. is a company engaged in the innovative technology sector, specializing in developing software solutions that enhance business processes for small and medium enterprises (SMEs). It provides integrated platforms designed to streamline customer relationship management, inventory control, and financial reporting, all vital components for driving operational efficiency. Qxo Inc.'s products are particularly impactful in industries such as retail, healthcare, and professional services, offering scalability and customization tailored to specific client needs. The company's comprehensive approach ensures that businesses can leverage data analytics for strategic planning and decision-making. Headquartered in a technology hub, Qxo Inc. plays a significant role in the digital transformation landscape, continuously adapting to advancements and market demand. Its focus on user-friendly interfaces and seamless integration with existing systems positions Qxo Inc. as a crucial partner for enterprises aiming to leverage technology for growth and competitiveness in modern markets.
Official SEC Documents
Advertisement