Reported Earlier, QXO Secures $3.5B In Comprehensive Private Placement, Offering Shares And Warrants
Portfolio Pulse from Benzinga Newsdesk
QXO has secured $3.5 billion in a private placement, selling 340,932,212 shares at $9.14 per share and 42,000,000 pre-funded warrants at $9.13999 per warrant. The placement has received shareholder approval and is expected to close early in Q3 2024.
June 14, 2024 | 6:57 am
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QXO has secured $3.5 billion through a private placement, selling shares and warrants. The placement has received shareholder approval and is expected to close early in Q3 2024.
The successful private placement indicates strong investor confidence and provides significant capital for QXO, likely boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100