QXO registers 41.4M shares from preferred conversion and 96,267 preferred shares for resale

QXO filed a prospectus supplement registering for resale 41.4 million common shares issuable upon conversion of its Series C Convertible Perpetual Preferred Stock, plus 96,267 shares of the preferred stock itself. The registration fulfills obligations under an Investment Agreement dated January 5, 2026, and enables selling stockholders to resell these securities in the public market. For retail holders, this represents potential dilution of up to 41.4 million shares if preferred holders convert and selling stockholders liquidate their positions.

The filing itself does not trigger conversion or sales, but removes restrictions that previously prevented resale. Investors should monitor subsequent Form 4 filings and trading volume for actual selling activity by the registered stockholders.