QXO Announces $3.5 Billion Private Placement
QXO, Inc. (QXO)
Company Research
Source: GlobeNewswire
GREENWICH, Conn., June 13, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) (the “Company” or “QXO”), a company expected to be a tech-forward leader in the building products distribution industry, today announced that it has entered into purchase agreements with certain institutional and accredited investors for a $3.5 billion private placement financing (the “Private Placement”). In the Private Placement, the Company is selling an aggregate of 340,932,212 shares of its common stock at a price of $9.14 per share, and an aggregate of 42,000,000 pre-funded warrants at a price of $9.13999 per warrant. QXO has obtained written consent from its shareholders approving the Private Placement, which is expected to close early in the third quarter of 2024. Following the closing of the Private Placement, QXO will have approximately 341.6 million outstanding shares of common stock. On a fully diluted basis, following the closing and giving effect to the conversion of the Company’
Show less
Read more
Impact Snapshot
Event Time:
QXO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
QXO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
QXO alerts
High impacting QXO, Inc. news events
Weekly update
A roundup of the hottest topics
QXO
News
- QXO: An Inexpensive Way To Bet A Proven Jockey [Seeking Alpha]Seeking Alpha
- European Shares Edge Lower as Focus Turns to Fed, BOE Decisions [BNN Bloomberg (Canada)]BNN Bloomberg
- Rexel's Largest Holder Cevian Backs Firm in Spurning QXO Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- QXO Reports Second Quarter 2024 ResultsGlobeNewswire
- Oppenheimer analysts see fertile ground for Jacobs' plans at new venture QXO [Yahoo! Finance]Yahoo! Finance
QXO
Sec Filings
- 8/28/24 - Form 4
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- QXO's page on the SEC website