04:46 PM EDT, 03/17/2025 (MT Newswires) -- QXO (QXO) said late Monday it has struck deals to sell about 67.5 million shares at $12.30 per share to existing and new investors to raise about $830 million.

The placement is contingent upon the consummation of its cash tender offer to acquire Beacon Roofing Supply (BECN) shares, the company said.

Shares of QXO were down over 3% in after-hours activity.