Convertible Preferred Equity Investment
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QXO Announces $1.2 Billion Convertible Preferred Equity Investment Led by Apollo to Fund Future Acquisitions
Businesswire· 2026-01-05 11:00
Core Viewpoint - QXO, Inc. has secured a $1.2 billion investment from Apollo Global Management and other investors through convertible perpetual preferred stock, enhancing its financial flexibility for acquisitions [1] Investment Details - The investment involves a new series of convertible perpetual preferred stock [1] - The funds will be utilized to strengthen QXO's financial position and pursue acquisition opportunities [1]