RXO, Inc. Signs Material Definitive Agreement
Ticker: RXO · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1929561
| Field | Detail |
|---|---|
| Company | Rxo, Inc. (RXO) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $26.00, $479 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, definitive-agreement, corporate-event
TL;DR
RXO signs a big deal, filing shows new acquisition details.
AI Summary
On September 9, 2024, RXO, Inc. entered into a Material Definitive Agreement related to its acquisition of a business. The filing also includes other events and financial statements, with RXO, Inc. being incorporated in Delaware and headquartered in Charlotte, NC.
Why It Matters
This filing indicates a significant business transaction for RXO, Inc., potentially impacting its future operations and market position.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce significant financial and operational risks associated with acquisitions or other major business changes.
Key Players & Entities
- RXO, Inc. (company) — Registrant
- September 9, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Charlotte, NC (location) — Address of principal executive offices
FAQ
What is the nature of the Material Definitive Agreement?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of disclosure, suggesting a significant contract or deal has been executed by RXO, Inc.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on September 9, 2024.
Where is RXO, Inc. incorporated?
RXO, Inc. is incorporated in Delaware.
What is the principal executive office address for RXO, Inc.?
The principal executive offices of RXO, Inc. are located at 11215 North Community House Road, Charlotte, NC 28277.
What other types of information are included in this 8-K filing?
In addition to the material definitive agreement, the filing also includes 'Other Events' and 'Financial Statements and Exhibits'.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-09-11 07:32:29
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share RXO New York Stock Exchan
- $26.00 — Stock"), at a public offering price of $26.00 per share (the "Offering"). In connecti
- $479 million — ayable by the Company, of approximately $479 million. The Underwriting Agreement includes c
Filing Documents
- tm2423585d2_8k.htm (8-K) — 28KB
- tm2423585d2_ex1-1.htm (EX-1.1) — 230KB
- tm2423585d2_ex5-1.htm (EX-5.1) — 14KB
- tm2423585d2_ex99-1.htm (EX-99.1) — 15KB
- tm2423585d2_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-098769.txt ( ) — 522KB
- rxo-20240909.xsd (EX-101.SCH) — 3KB
- rxo-20240909_lab.xml (EX-101.LAB) — 33KB
- rxo-20240909_pre.xml (EX-101.PRE) — 22KB
- tm2423585d2_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On September10, 2024, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached hereto as Exhibit99.1 and incorporated herein by reference. In connection with the Offering, the legal opinion as to the legality of the Common Stock sold in the Offering is being filed as Exhibit5.1 to this Current Report on Form8-K and is incorporated herein and into the Registration Statement by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d)Exhibits. ExhibitNo. Description 1.1 Underwriting Agreement, dated September9, 2024, by and among RXO,Inc., Goldman Sachs& Co. LLC, BofA Securities,Inc., Citigroup Global Markets Inc. and Morgan Stanley& Co. LLC, as representatives of the several underwriters named in Schedule I thereto. 5.1 Opinion of Paul, Weiss, Rifkind, Wharton& Garrison LLP. 23.1 Consent of Paul, Weiss, Rifkind, Wharton& Garrison LLP (included in Exhibit5.1). 99.1 Press release issued by RXO,Inc., dated September10, 2024. 104 Cover PageInteractive 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. RXO,INC. Date: September11, 2024 By: /s/ Jeffrey D. Firestone Jeffrey D. Firestone Chief Legal Officer and Corporate Secretary