Business
QXO Announces $1.2 Billion Convertible Preferred Equity Investment Led by Apollo to Fund Future Acquisitions
GREENWICH, Conn., January 05, 2026--QXO, Inc. (NYSE: QXO) (the "Company" or "QXO") today announced that funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo") and certain other investors have agreed to invest $1.2 billion in QXO through a new series of convertible perpetual preferred stock. The investment further strengthens QXO’s financial flexibility in pursuing acquisition opportunities.
About this update from Apollo Global Management, Inc. (new)
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