QXO Inc美股招股说明书(2025-04-18版)

37,735,850 Shares Common Stock QXO, Inc. is offering 37,735,850 shares of its common stock, par value $0.00001 per share (“CommonStock”), pursuant to this prospectus supplement and the accompanying prospectus. On March 20, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BeaconRoofing Supply, Inc., a Delaware corporation (“Beacon”), and Queen MergerCo, Inc., a Delaware corporation andwholly owned subsidiary of QXO (“Merger Sub”), pursuant to which we agreed to acquire Beacon (the“Acquisition”). We intend to use the net proceeds from this offering to pay a portion of the consideration for the Acquisitionand to pay fees and expenses related to the Transactions described herein; however, this offering is not contingentupon the consummation of the Acquisition. If the Acquisition is not consummated, we intend to use the net proceedsfrom this offering for general corporate purposes. See “Use of Proceeds.” Our Common Stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “QXO.” On April15, 2025, the last reported sale price of our Common Stock on the NYSE was $14.52 per share. See “Risk Factors” beginning on page S-13 of this prospectus supplement and in the documentsincorporated by reference in this prospectus supplement to read about factors you should consider beforebuying shares of our Common Stock. Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission hasapproved or disapproved of these securities or determined if this prospectus supplement or the accompanyingprospectus is truthful or complete. Any representation to the contrary is a criminal offense. (1)See “Underwriting” for additional information regarding total underwriter compensation. We have granted the underwriters an option to purchase up to 5,660,377 additional shares of our CommonStock at the public offering price less underwriting discounts and commissions. The underwriters expect to deliver the shares of Common Stock against payment in New York, New York onApril 21, 2025. Joint-Bookrunners and Managers TABLE OF CONTENTS Prospectus Supplement PageSummaryS-1The OfferingS-8Risk FactorsS-13Use of ProceedsS-27CapitalizationS-28Management’s Discussion and Analysis of Financial Condition and Results of Operations of BeaconS-29Business of BeaconS-40Certain Material U.S. Federal Income Tax Considerations for Non-U.S. HoldersS-46UnderwritingS-50Legal MattersS-57ExpertsS-57 Prospectus PageAbout This Prospectus1Where You Can Find More Information2Incorporation by Reference2Forward-Looking Statements3The Company5Risk Factors6Selected Financial Data7Use of Proceeds9Description of Capital Stock10Description of the Debt Securities16Description of the Depositary Shares25Description of the Warrants28Description of the Rights30Description of the Purchase Contracts31Description of the Units32Selling Securityholders33Plan of Distribution34Legal Matters37Experts37 TABLE OF CONTENTS We have not, and the underwriters have not, authorized anyone to provide you with any informationthat is not contained in or incorporated by reference into this prospectus supplement, the accompanyingprospectus and any related free writing prospectus that we have prepared. We and the underwriters take noresponsibility for, and can provide no assurance as to the reliability of, any other information that others maygive you. You should assume that the information contained in or incorporated by reference into thisprospectus supplement, the accompanying prospectus and any such free writing prospectus is accurate onlyas of the date of the applicable document. Our business, financial condition, liquidity, results of operationsand prospects, or those of Beacon, may have changed since those dates. We are not, and the underwriters arenot, making an offer to sell these securities in any state or other jurisdiction where the offer and sale is notpermitted. The shares of Common Stock are being offered for sale only in jurisdictions where it is lawful to make suchoffers. The distribution of this prospectus supplement and the accompanying prospectus and the offering of theshares of Common Stock in certain jurisdictions may be restricted by law. Persons outside the United States whoreceive this prospectus supplement and the accompanying prospectus should inform themselves about and observeany such restrictions. This prospectus supplement and the accompanying prospectus do not constitute, and may notbe used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation isnot authorized or in which the person making such offer or solicitation is not authorized or in which the personmaking such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offeror solicitation. See “Underwriting.” ABOUT THIS PROSPECTUS SUPPLEMENT This document consists of two parts. The first part is this prospectus supplement