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QXO, Inc., a Delaware-incorporated company specializing in wholesale lumber and construction materials, has announced the filing of a prospectus supplement with the U.S. Securities and Exchange Commission (SEC). This filing, dated Thursday, May 29, 2025, pertains to the resale of 67,528,459 shares of the company’s common stock by certain named selling stockholders. The company’s stock, currently trading at $17.11, has shown significant volatility, falling 87% from its 52-week high of $290.
The prospectus supplement is part of a registration statement on Form S-3ASR (File No. 333-281084), which was initially filed with the SEC on July 29, 2024. The shares of common stock involved in the resale are listed on the New York Stock Exchange under the ticker symbol (NYSE:QXO).
Additionally, the legal opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP regarding the shares has been filed as Exhibit 5.1. This legal opinion is also incorporated by reference into the aforementioned Registration Statement.
QXO, Inc., previously known as SilverSun Technologies, Inc., and before that as TREY RESOURCES INC and TREY INDUSTRIES INC, has its principal executive offices located at Five American Lane, Greenwich, Connecticut, with the zip code 06831. The company can be contacted via phone at 888-998-6000.
The information reported is based on a press release statement and the company’s SEC filing.
In other recent news, QXO Inc. has announced concurrent public offerings of its common stock and depositary shares, aiming to raise a total of $1 billion. This move is intended to repay debts under the company’s senior secured term loan facility, with the potential for an additional $150 million through underwriter options. Additionally, QXO has finalized its $11 billion acquisition of Beacon Roofing Supply (NASDAQ:BECN), Inc., positioning itself as the largest publicly traded distributor of roofing and complementary building products in the U.S. To support this acquisition, a consortium led by Morgan Stanley (NYSE:MS) and Goldman Sachs initiated a $4 billion junk-debt sale. Furthermore, QXO’s subsidiary, Queen MergerCo, Inc., plans to offer $2 billion in Senior Secured Notes due 2032 as part of the financing strategy for the Beacon acquisition. The company also announced a $500 million stock offering, with the proceeds earmarked to partially fund the acquisition. These developments reflect QXO’s strategic goals to achieve $50 billion in annual revenues through acquisitions and organic growth over the next decade.
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