QXO resale prospectus for 95,876,547 shares
QXO, Inc. filed a prospectus supplement covering the resale by certain selling stockholders of 95,876,547 shares of common stock and 192,533 shares of Series C Convertible Perpetual Preferred Stock.
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Form Type
8-K
Rhea-AI Filing Summary
QXO, Inc. filed a prospectus supplement covering the resale by certain selling stockholders of 95,876,547 shares of common stock and 192,533 shares of Series C Convertible Perpetual Preferred Stock. The common shares include 13,066,710 shares already outstanding and 82,809,837 shares issuable upon conversion of the Preferred Stock.
The company also filed a legal opinion from Paul, Weiss, Rifkind, Wharton & Garrison LLP as Exhibit 5.1, along with the related consent and an Inline XBRL cover page data file.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Common shares registered for resale: 95,876,547 shares
Outstanding common shares included: 13,066,710 shares
Common shares issuable on conversion: 82,809,837 shares
+4 more
7 metrics
Common shares registered for resale
95,876,547 shares
Covered by prospectus supplement filed April 29, 2026
Outstanding common shares included
13,066,710 shares
Portion of registered common stock already outstanding
Common shares issuable on conversion
82,809,837 shares
Common stock issuable upon conversion of Series C Preferred Stock
Series C Preferred Stock registered
192,533 shares
Preferred Stock covered for resale by selling stockholders
Preferred Stock dividend rate
5.50%
Series B Mandatory Convertible Preferred Stock referenced in NYSE listing
Par value common stock
$0.00001 per share
Par value of QXO common stock listed on NYSE
Par value preferred stock
$0.001 per share
Par value of 5.50% Series B Mandatory Convertible Preferred Stock
Key Terms
prospectus supplement, registration statement on Form S-3ASR, Series C Convertible Perpetual Preferred Stock, Mandatory Convertible Preferred Stock, +1 more
5 terms
prospectus supplement regulatory
"filed with the Securities and Exchange Commission a prospectus supplement to the prospectus included"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
registration statement on Form S-3ASR regulatory
"the Company’s registration statement on Form S-3ASR (File No. 333-281084)"
A registration statement on Form S-3ASR is a pre-approved filing used by well-established public companies to register securities they may sell over time, with the paperwork becoming effective automatically so offerings can begin quickly. For investors, it matters because it lets a company raise money or issue stock or debt on short notice — like a company keeping a ready-to-use credit line — which can dilute existing shares or change the company’s cash position rapidly.
Series C Convertible Perpetual Preferred Stock financial
"shares of common stock issuable upon the conversion of shares of the Company’s Series C Convertible Perpetual Preferred Stock"
A Series C convertible perpetual preferred share is a specific class of company stock that pays priority dividends and sits ahead of common shares for payouts, can be swapped into common equity under set terms, and has no fixed maturity date so it does not automatically expire or get repaid. Investors care because it offers steadier income and downside protection compared with common stock, but conversion can dilute existing shareholders and the perpetual feature means the company isn’t obliged to repay principal like a bond.
Mandatory Convertible Preferred Stock financial
"5.50% Series B Mandatory Convertible Preferred Stock, par value $0.001 per share"
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
selling stockholders financial
"covering the resale by certain selling stockholders named therein"
Selling stockholders are existing owners of a company's shares who are offering some or all of their holdings for sale, often as part of a public offering or secondary transaction. For investors this matters because such sales increase the number of shares available to buy, can signal how confident current owners are about future prospects, and may put short-term pressure on the stock price similar to more tickets being released for a popular event.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did QXO (QXO) disclose in its April 29, 2026 filing?
QXO, Inc. disclosed that it filed a prospectus supplement covering the resale of common and preferred shares by certain selling stockholders. It also filed a supporting legal opinion and related consent from Paul, Weiss, Rifkind, Wharton & Garrison LLP.
What is the purpose of QXO (QXO) filing a prospectus supplement on Form S-3ASR?
QXO filed a prospectus supplement to its Form S-3ASR registration statement to cover resales of specified common and preferred shares by certain selling stockholders. This allows those holders to resell registered securities under the existing shelf registration framework.
What securities of QXO (QXO) are listed on the New York Stock Exchange?
QXO lists its common stock, par value $0.00001 per share, under the symbol QXO on the New York Stock Exchange. It also lists depositary shares representing a 1/20th interest in a share of 5.50% Series B Mandatory Convertible Preferred Stock under the symbol QXO.PRB.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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