QXO, Inc. Faces Delisting Notice

TL;DR

QXO got a delisting notice, might be moving exchanges.

AI Summary

QXO, Inc. filed an 8-K on January 7, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule. The filing indicates a potential transfer of listing, with the earliest event reported on January 6, 2025. The company was formerly known as SilverSun Technologies, Inc.

Why It Matters

This filing signals potential issues with QXO, Inc.'s compliance with stock exchange listing requirements, which could impact its trading status and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards indicates significant financial or operational distress, posing a substantial risk to the company's stock.

Key Players & Entities

• QXO, Inc. (company) — Registrant
• January 6, 2025 (date) — Earliest event reported
• January 7, 2025 (date) — Filing date
• SilverSun Technologies, Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.00001 — ch registered Common stock, par value $0.00001 per share QXO The Nasdaq Capital Ma

Filing Documents

• eh250575148_8k.htm (8-K) — 33KB
• eh250575148_ex9901.htm (EX-99.1) — 6KB
• 0000950142-25-000043.txt ( ) — 212KB
• qxo-20250106.xsd (EX-101.SCH) — 3KB
• qxo-20250106_lab.xml (EX-101.LAB) — 33KB
• qxo-20250106_pre.xml (EX-101.PRE) — 22KB
• eh250575148_8k_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 6, 2025, QXO, Inc. (the "Company"), acting pursuant to authorization from its Board of Directors, notified the Nasdaq Stock Market, LLC ("Nasdaq") of its intention to voluntarily withdraw the principal listing of the Company's common stock, par value $0.00001 per share (the "common stock"), from Nasdaq and transfer the listing to the New York Stock Exchange (the "NYSE"). The Company expects that listing and trading of the common stock on Nasdaq will end at market close on January 16, 2025, and that trading will begin on the NYSE at market open on January 17, 2025. The common stock has been approved for listing on the NYSE, where it will continue to trade under the stock symbol "QXO."

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The Company issued the press release attached hereto as Exhibit 99.1 in connection with the transfer of the principal listing of the common stock to the NYSE. The information contained in Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may," "will," "should," "expect," "opportunity," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," or "continue," or the negative of these terms or other comparable terms. Forward-looking to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: risks associated with potential significant volatility and fluctuations in the market price of the Company's common stock; risks associated with raising additional equity or debt capital from public or private markets to pursue the Company's business plan, including potentially one or more additional private placements of common stock, and the effects that raising such capital may have on the Company and its business, including the risk of substantial dilution or that the Company's common stock may experience a substantial decline in trading price; the possibility that additional future financings may not be available to the Company on acceptable terms or at all; the possibility that an active, liquid trading market for the Company's common stock may not be sustained; the possibility that the Company's outstanding warrants and preferred stock may or may not be converted or exercised, and the econom

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 6, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 6, 2025 QXO, INC. By: /s/ Christopher Signorello Name: Christopher Signorello Title: Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR