NYSE
15 hours, 6 minutes ago 
QXO
Qxo, INC
Form 4: Jared Kushner Reports Changes in Beneficial Ownership of QXO, Inc. Stock
Jared Kushner, a director of QXO, Inc., reports transactions involving common stock and restricted stock units, including a transfer agreement to Affinity Funds.
NYSE
15 hours, 8 minutes ago 
QXO
Qxo, INC
Form 4: QXO Inc. Director Allison Landry Reports Stock Transactions
Director Allison Landry reports acquisition and disposal of QXO, Inc. common stock and restricted stock units.
NYSE
15 hours, 9 minutes ago 
QXO
Qxo, INC
Form 4: QXO Director Mary E. Kissel Reports Stock Transactions
Director Mary E. Kissel reports acquisition and disposal of QXO, Inc. common stock and restricted stock units.
NYSE
15 hours, 11 minutes ago 
QXO
Qxo, INC
Form 4: QXO Inc. Director Mario A. Harik Reports Acquisition of Common Stock and Restricted Stock Units
Director Mario A. Harik reports acquiring common stock and restricted stock units in QXO, Inc.
NYSE
15 hours, 12 minutes ago 
QXO
Qxo, INC
Form 4: QXO Inc. Director Marlene M Colucci Reports Acquisition and Disposal of Common Stock and Restricted Stock Units
Director Marlene M Colucci reports changes in beneficial ownership of QXO, Inc. securities, including the acquisition and disposal of common stock and restricted stock units.
NYSE
15 hours, 14 minutes ago 
QXO
Qxo, INC
Form 4: QXO Inc. Director Aiken Jason W Reports Stock Transactions
Director Jason W. Aiken reports acquisition and disposal of QXO, Inc. stock and restricted stock units on May 12, 2025.
NYSE
6 days, 19 hours ago 
QXO
Qxo, INC
8-K: QXO Reports First Quarter 2025 Results: Revenue Declines, Adjusted EBITDA Negative
QXO, Inc. announced its first quarter 2025 results, reporting a decrease in total revenue and a negative adjusted EBITDA, despite a net income boosted by interest income.
Worse than expected
 
NYSE
13 days, 19 hours ago 
QXO
Qxo, INC
Form 4: Jared Kushner Reports Acquisition of QXO, Inc. Shares
Jared Kushner, a director of QXO, Inc., reports the acquisition of 16,260,163 shares of common stock at $12.3 per share through indirect ownership.
NYSE
15 days, 18 hours ago 
QXO
Qxo, INC
8-K: QXO Finalizes Beacon Roofing Supply Acquisition in $11 Billion Deal
QXO, Inc. completes its acquisition of Beacon Roofing Supply, solidifying its position as the largest publicly traded distributor of roofing and building products.
Capital raise
 
NYSE
21 days, 10 hours ago 
QXO
Qxo, INC
8-K: QXO Upsizes and Prices $2.25 Billion Senior Secured Notes Offering to Fund Beacon Roofing Supply Acquisition
QXO, Inc. announces its subsidiary, Queen MergerCo, Inc., priced an upsized offering of $2.25 billion in Senior Secured Notes to fund the acquisition of Beacon Roofing Supply, Inc.
Capital raise
 
NYSE
21 days, 17 hours ago 
QXO
Qxo, INC
Form 4: QXO Inc. Chief Technology Officer Valeri Liborski Reports Acquisition of Restricted and Performance Stock Units
Valeri Liborski, Chief Technology Officer of QXO Inc., reports the acquisition of restricted stock units (RSUs) and performance stock units (PSUs) on April 21, 2025.
NYSE
24 days, 4 hours ago 
QXO
Qxo, INC
8-K: QXO Announces $2 Billion Senior Secured Notes Offering to Fund Beacon Roofing Supply Acquisition
QXO, Inc. plans to raise $2 billion through a private offering of Senior Secured Notes due 2032 via its subsidiary, Queen MergerCo, Inc., to finance the acquisition of Beacon Roofing Supply, Inc.
Capital raise
 
NYSE
24 days, 4 hours ago 
QXO
Qxo, INC
8-K: QXO Announces Pricing of $490 Million Common Stock Offering to Partially Fund Beacon Roofing Supply Acquisition
QXO, Inc. has priced a public offering of 37,735,850 shares of its common stock at $13.25 per share, expecting net proceeds of approximately $490 million to partially finance the acquisition of Beacon Roofing Supply, Inc.
Capital raise
 
NYSE
28 days, 18 hours ago 
QXO
Qxo, INC
8-K: QXO Announces $500 Million Common Stock Offering to Partially Fund Beacon Roofing Supply Acquisition
QXO, Inc. plans to offer $500 million in common stock, with potential for an additional $75 million, to help finance its acquisition of Beacon Roofing Supply, Inc.
Capital raise
 
NYSE
28 days, 19 hours ago 
QXO
Qxo, INC
8-K: QXO to Acquire Beacon Roofing Supply in \$7.7 Billion All-Cash Deal
QXO, Inc. announces its plan to acquire Beacon Roofing Supply for \$124.35 per share in cash, aiming to close the acquisition near the end of April 2025.
Capital raise
 
NYSE
42 days, 15 hours ago 
QXO
Qxo, INC
DEFA14A: QXO, Inc. Files Definitive Proxy Statement with SEC
QXO, Inc. has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) pertaining to its upcoming shareholder meeting.
NYSE
42 days, 19 hours ago 
QXO
Qxo, INC
DEF: QXO, Inc. Announces Annual Meeting of Stockholders and Board Nominees
QXO, Inc. will hold its 2025 Annual Meeting of Stockholders on May 12, 2025, to elect directors, ratify the appointment of Deloitte as its independent accounting firm, and conduct an advisory vote on executive compensation.
Better than expected
 
Capital raise
 
NYSE
50 days, 13 hours ago 
QXO
Qxo, INC
8-K: QXO, Inc. Changes Independent Registered Public Accounting Firm
QXO, Inc. announces the dismissal of Marcum LLP and the appointment of Deloitte & Touche LLP as its new independent registered public accounting firm.
NYSE
56 days, 3 hours ago 
QXO
Qxo, INC
8-K: QXO to Acquire Beacon Roofing Supply for $11 Billion
QXO, Inc. will acquire Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing Beacon at approximately $11 billion including debt.
Capital raise
 
NYSE
58 days, 18 hours ago 
QXO
Qxo, INC
8-K: QXO Announces $830 Million Private Placement to Fund Beacon Roofing Supply Acquisition
QXO, Inc. secures $830 million through a private placement to institutional investors, contingent on the successful acquisition of Beacon Roofing Supply, Inc.
Capital raise
 
QXO 
Qxo, INC 
NYSE

8-K: QXO to Acquire Beacon Roofing Supply for $11 Billion

Sentiment:
 Merger Announcement
 20 March 2025 8:52 AM

QXO, Inc. will acquire Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing Beacon at approximately $11 billion including debt.

Capital raise
  QXO has secured financing commitments covering the full purchase price.  QXO has entered into purchase agreements with certain institutional investors for an $830 million private placement financing, subject to the completion of the Beacon acquisition. 

Summary
  • QXO, Inc. and Beacon Roofing Supply, Inc. have entered into a definitive merger agreement.
  • QXO will acquire Beacon for $124.35 per share in cash.
  • The transaction values Beacon at approximately $11 billion, including outstanding debt.
  • The boards of directors of both companies have unanimously approved the transaction.
  • The transaction is expected to close by the end of April, pending tender of a majority of Beacon's shares and customary closing conditions.
  • Beacon's board unanimously recommends shareholders tender their shares.
  • QXO has extended its tender offer to expire at 5:00 p.m., New York City Time, on March 31, 2025.
  • QXO will amend its tender offer to reflect the $124.35 per share price.
  • QXO has withdrawn its nomination of 10 independent director nominees for election at Beacon's 2025 annual meeting.
  • The acquisition has received antitrust clearance in the U.S. and Canada.
  • QXO has $5 billion of cash and secured financing commitments covering the full purchase price.
  • QXO has also entered into purchase agreements with certain institutional investors for an $830 million private placement financing, subject to the completion of the Beacon acquisition.
Sentiment

Score: 8

Explanation: The document conveys a positive sentiment due to the unanimous approval by both boards, the premium offered to Beacon shareholders, and the strategic rationale for QXO's expansion into the building products distribution industry. The secured financing and antitrust clearances further contribute to the positive outlook.

Highlights
  • QXO is set to acquire Beacon Roofing Supply for $124.35 per share in an all-cash transaction.
  • The deal values Beacon at approximately $11 billion, inclusive of debt.
  • Both companies' boards have unanimously approved the merger.
  • The acquisition is anticipated to be finalized by the end of April 2025.
  • QXO has secured $5 billion in cash and financing commitments to cover the purchase price.
  • QXO has withdrawn its director nominations for Beacon's 2025 annual meeting.
  • Antitrust clearance has been obtained in both the U.S. and Canada.
Positives
  • The all-cash offer provides Beacon's shareholders with immediate premium and certainty of value.
  • The acquisition has already received antitrust clearance in the U.S. and Canada, reducing regulatory risk.
  • QXO has secured sufficient financing to complete the transaction.
  • Beacon's board has unanimously recommended the deal, indicating strong support.
  • QXO views Beacon as a platform ripe for above-market organic growth and significant margin expansion.
Risks
  • The acquisition is subject to customary closing conditions, including a majority of Beacon shares being tendered.
  • The transaction could be delayed or terminated if closing conditions are not met.
  • The pendency of the acquisition could affect QXO's and Beacon's business relationships.
  • Potential litigation and/or regulatory action could arise relating to the proposed acquisition.
  • The anticipated benefits of the acquisition may not be fully realized or may take longer to realize than expected.
Future Outlook

QXO plans to apply its proven playbook to Beacon to deliver above-market organic growth and significant margin expansion, aiming to establish QXO as a leader in the $800 billion building products distribution industry.

Management Comments
  • Brad Jacobs, chairman and chief executive officer of QXO, stated that acquiring Beacon is a key milestone in their plan to create substantial shareholder value and establish QXO as a leader in the $800 billion building products distribution industry.
  • Stuart Randle, Beacons chairman, said that the transaction is in the best interests of Beacon and its shareholders given the immediate premium and certainty of value in cash it offers, particularly in an uncertain environment.
  • Julian Francis, president and chief executive officer of Beacon, said that they will now enter a new chapter of growth, true to their mission to help their customers build more.
Industry Context

The acquisition positions QXO to become a major player in the $800 billion building products distribution industry, indicating a strategic move to consolidate and lead in this sector.

Comparison to Industry Standards
  • The acquisition of Beacon by QXO for $11 billion is a significant transaction in the building products distribution industry.
  • Comparatively, other major players in the building materials distribution industry include companies like Home Depot, Lowe's, and Builders FirstSource.
  • Builders FirstSource acquired BMC Stock Holdings in 2021 for approximately $2.5 billion, demonstrating industry consolidation trends.
  • The QXO-Beacon deal is substantially larger, reflecting QXO's ambition to become a dominant player.
  • The all-cash offer at a premium is a common structure in such acquisitions, providing immediate value to Beacon's shareholders.
Stakeholder Impact
  • Beacon shareholders will receive $124.35 per share in cash.
  • QXO aims to create substantial shareholder value through this acquisition.
  • Beacon employees will enter a new chapter of growth under QXO's leadership.
  • Customers will continue to be served, with QXO aiming to help them build more.
Next Steps
  • QXO will amend its current tender offer to reflect the terms of the definitive merger agreement.
  • Beacon will amend its recommendation statement on Schedule 14D-9 in support of the amended tender offer.
  • Beacon shareholders are expected to tender their shares into the offer.
  • The transaction is expected to close by the end of April, subject to customary closing conditions.
Key Dates
  • January 27, 2025: QXO commenced an all-cash tender offer to acquire all of the outstanding shares of Beacon.
  • March 20, 2025: QXO and Beacon Roofing Supply, Inc. announced they have entered into a definitive merger agreement.
  • March 31, 2025: Extended expiration date of QXO's tender offer.
  • End of April: Expected closing date of the transaction.
Keywords
acquisition, merger, QXO, Beacon Roofing Supply, building products, distribution, tender offer, financing, antitrust
QXO 
Qxo, INC 
NYSE
Sector: TBD
 
Filings with Classifications
Worse than expected
8 May 2025 4:12 PM
Earnings Release
  • The company's revenue decreased compared to the same period last year.
  • The adjusted EBITDA was significantly lower than the same period last year.
Capital raise
29 April 2025 5:06 PM
Merger Announcement
  • QXO closed its previously announced $830 million equity private placement in conjunction with the acquisition.
Capital raise
24 April 2025 1:12 AM
Debt Offering Announcement
  • Queen MergerCo, Inc. priced its offering of $2.25 billion of 6.75% Senior Secured Notes due 2032.
  • The size of the offering was increased from the previously announced offering size of $2.0 billion.
  • The proceeds from the offering will be used to fund the acquisition of Beacon Roofing Supply, Inc.
Capital raise
21 April 2025 7:33 AM
Capital Raise Announcement
  • QXO, through its subsidiary Queen MergerCo, Inc., intends to offer $2 billion in Senior Secured Notes due 2032.
  • The notes will be offered privately to qualified institutional buyers and non-U.S. persons.
  • The proceeds will be used to fund the acquisition of Beacon Roofing Supply, Inc. and related expenses, along with borrowings under new senior secured credit facilities, proceeds from QXO's previously announced equity offerings, and available balance sheet cash.
Capital raise
21 April 2025 7:16 AM
Capital Raise Announcement
  • QXO is offering 37,735,850 shares of common stock at a price of $13.25 per share.
  • The underwriters have an option to purchase up to an additional 5,660,377 shares.
  • The company expects to receive net proceeds of approximately $490 million, or $564.2 million if the underwriters fully exercise their option.
  • The proceeds will be used to partially finance the acquisition of Beacon Roofing Supply, Inc.
Capital raise
16 April 2025 5:14 PM
Capital Raise Announcement
  • QXO intends to offer for sale to the public $500,000,000 of shares of its common stock.
  • QXO intends to grant the underwriters of the offering an option to purchase up to an additional $75,000,000 of shares of Common Stock at the same price per share as the other shares of our Common Stock purchased by the underwriters in this offering.
  • The net proceeds from the Offering to finance a portion of the consideration for the pending acquisition of Beacon Roofing Supply, Inc.
Capital raise
16 April 2025 4:59 PM
Merger Announcement
  • QXO plans to finance the acquisition through a combination of debt and equity financing.
  • The debt financing includes a new senior secured term facility and senior secured notes totaling \$4.55 billion.
  • The equity financing includes a private placement of approximately 67.5 million shares of QXO's common stock at \$12.30 per share, expected to generate approximately \$830.6 million.
  • QXO also intends to issue additional shares of common stock in a public offering for gross proceeds of \$600 million.
Capital raise
2 April 2025 4:43 PM
Proxy Statement
  • The company issued to the Investors, in the aggregate, (i) 1,000,000 shares of Convertible Preferred Stock that, in aggregate, are convertible into 219,010,074 shares of our common stock at an initial conversion price of $4.566 per share, subject to customary anti-dilution adjustments; and (ii) the Warrants to purchase an additional 219,010,074 shares of our common stock at initial exercise prices of $4.566 per share with respect to 50% of the Warrants, $6.849 per share with respect to 25% of the Warrants, and $13.698 per share with respect to the remaining 25% of the Warrants, in each case subject to customary anti-dilution adjustments.
  • On July 25, 2024, the company issued and sold an aggregate of 67,833,699 shares of common stock at a price of $9.14 per share in a private placement.
Better than expected
2 April 2025 4:43 PM
Proxy Statement
  • The company delivered an increase of approximately 400% in stockholder value between the announcement of the Equity Investment in December 2023 and the formal grant of equity awards at the end of July 2024.
Capital raise
20 March 2025 8:52 AM
Merger Announcement
  • QXO has secured financing commitments covering the full purchase price.
  • QXO has entered into purchase agreements with certain institutional investors for an $830 million private placement financing, subject to the completion of the Beacon acquisition.
Capital raise
17 March 2025 5:25 PM
Capital Raising Announcement
  • QXO, Inc. is raising $830 million through a private placement of approximately 67.5 million shares at $12.30 per share.
  • The funds are earmarked for the acquisition of Beacon Roofing Supply, Inc.
  • The closing of the private placement is contingent upon the concurrent consummation of QXO's all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc.
Capital raise
4 March 2025 8:19 AM
Annual Report
  • The company issued and sold 1,000,000 shares of Convertible Perpetual Preferred Stock for $1.0 billion.
  • The company issued warrants exercisable for 219,010,074 shares of common stock.
  • The company issued 340,932,212 shares of common stock and pre-funded warrants to purchase 42,000,000 shares in a private placement for approximately $3.5 billion.
  • The company issued an additional 67,833,699 shares of common stock in a private placement for approximately $620 million.
Worse than expected
4 March 2025 8:09 AM
Earnings Release
  • Adjusted EBITDA decreased year-over-year, from a gain of $0.7 million to a loss of $(7.7) million.
  • The company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders for the full year 2024.
Better than expected
27 January 2025 7:15 AM
Tender Offer Announcement
  • The offer price of $124.25 per share represents a significant premium over Beacon's unaffected share price and historical trading multiples, indicating a better than expected outcome for shareholders.
Delay expected
27 January 2025 7:15 AM
Tender Offer Announcement
  • QXO's attempts to engage with Beacon have been met with delays and cancellations, leading to a hostile tender offer.
  • Beacon has imposed unreasonable preconditions for discussions, including a long-term standstill agreement.
Better than expected
27 January 2025 7:14 AM
Tender Offer Statement
  • The offer price represents a significant premium over Beacon's unaffected share price and historical trading multiples.
Delay expected
27 January 2025 7:14 AM
Tender Offer Statement
  • QXO's attempts to engage with Beacon's management have been met with delays, cancellations, and unreasonable preconditions.
Delay expected
15 January 2025 8:35 AM
Merger Announcement
  • QXO's attempts to engage with Beacon have been met by delays, cancellations, and unreasonable preconditions.
  • Beacon conditioned a meeting on QXO agreeing to a months-long delay before they could present their proposal to shareholders.
Better than expected
15 January 2025 8:35 AM
Merger Announcement
  • QXO's offer of $124.25 per share represents a 37% premium over Beacon's 90-day unaffected share price, which is significantly better than the current market valuation.
  • QXO highlights that Beacon's operating environment and capital markets have weakened since their initial proposal in November, making their offer more attractive.
Capital raise
6 January 2025 7:39 PM
Current Report
  • The document mentions risks associated with raising additional equity or debt capital from public or private markets.
  • It also notes the possibility of one or more additional private placements of common stock.
Better than expected
13 November 2024 8:03 AM
Quarterly Report
  • The company's net income for the quarter and nine-month period was significantly better than the same periods last year, which had net losses.
  • The company's cash position improved dramatically due to the capital raises.
  • The company extinguished all long-term debt obligations.
Capital raise
13 November 2024 8:03 AM
Quarterly Report
  • The company completed a $1 billion cash investment from Jacobs Private Equity II, LLC and certain minority co-investors.
  • The company issued and sold 1,000,000 shares of Convertible Perpetual Preferred Stock and warrants exercisable for 219,010,074 shares of common stock.
  • The company completed private placements of common stock and pre-funded warrants, generating approximately $4.12 billion in gross proceeds.
Worse than expected
13 November 2024 7:02 AM
Quarterly Report
  • The company's Adjusted EBITDA was significantly worse than the same period last year, moving from a positive $665,000 to a negative $11.47 million.
Capital raise
13 November 2024 7:02 AM
Quarterly Report
  • The company completed two private placements during the quarter, raising approximately $4.1 billion.
  • The capital raise increased the number of common shares outstanding to 409.4 million.
Capital raise
5 November 2024 6:22 AM
Proxy Statement
  • On June 6, 2024, the company issued 1,000,000 shares of Convertible Preferred Stock and warrants to purchase common stock to investors for $1,000,000,000 in cash.
  • On July 25, 2024, the company issued and sold an aggregate of 67,833,699 shares of common stock at a price of $9.14 per share in a private placement.
Worse than expected
14 August 2024 8:47 AM
Quarterly Report
  • The company reported a net loss for the quarter, compared to a net income in the same period last year, indicating worse than expected results.
Capital raise
14 August 2024 8:47 AM
Quarterly Report
  • The company completed a $1 billion cash investment from Jacobs Private Equity II, LLC and minority co-investors.
  • The company issued 1,000,000 shares of Convertible Perpetual Preferred Stock and warrants exercisable for 219,010,074 shares of common stock.
  • The company completed private placements of common stock and pre-funded warrants, generating approximately $4.12 billion in gross proceeds.
Worse than expected
14 August 2024 8:34 AM
Quarterly Report
  • The company's net income decreased to a net loss, and adjusted EBITDA also declined to a loss, indicating worse financial performance compared to the same period last year.
Capital raise
14 August 2024 8:34 AM
Quarterly Report
  • The company completed two private placements in July 2024, increasing its cash position to approximately $5 billion.
  • The document mentions the risk of 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.
Capital raise
29 July 2024 5:15 PM
Prospectus Supplement
  • The company is registering the potential issuance of up to 261,010,074 shares of common stock upon the exercise of warrants.
  • This includes 219,010,074 warrants and 42,000,000 pre-funded warrants.
Capital raise
22 July 2024 8:11 AM
Capital Raise Announcement
  • QXO has raised $620 million through a new private placement of 67,833,699 shares at $9.14 per share.
  • The company also closed a previously announced $3.5 billion private placement.
  • The company may raise additional capital in the future to pursue its business plan.
Capital raise
5 July 2024 4:05 PM
8-K Filing
  • QXO plans to issue 340,932,212 shares of its common stock through a private placement.
  • The private placement is intended to bring the company back into compliance with Nasdaq listing rules.
Worse than expected
5 July 2024 4:05 PM
8-K Filing
  • The company received a delisting notice from Nasdaq for not meeting the minimum publicly held shares requirement, which is a negative development.
Capital raise
27 June 2024 6:03 AM
Information Statement
  • QXO Inc. is undertaking a private placement to raise approximately $3.5 billion.
  • The private placement involves the issuance of 340,932,212 shares of common stock at $9.14 per share.
  • The company is also issuing warrants to purchase 42,000,000 shares of common stock at $9.13999 per warrant, exercisable at $0.00001 per share.
Capital raise
14 June 2024 6:01 AM
Private Placement Announcement
  • QXO has entered into purchase agreements for a $3.5 billion private placement.
  • The company is selling 340,932,212 shares of common stock at $9.14 per share.
  • The company is also selling 42,000,000 pre-funded warrants at $9.13999 per warrant.
  • The private placement is expected to close early in the third quarter of 2024.
Capital raise
6 June 2024 4:46 PM
Merger Announcement
  • The document mentions the possibility of raising additional equity or debt capital from public or private markets to pursue the Companys business plan following the closing of the equity investment.
  • The document states that the amount of additional capital raised may significantly exceed the amount of the equity investment.
Better than expected
6 June 2024 4:46 PM
Merger Announcement
  • The company completed a $1 billion equity investment, which is a significant positive development.
  • The appointment of Brad Jacobs as CEO and Chairman is a strong signal of the company's commitment to growth.
  • The company has a clear strategy for growth through acquisitions and organic expansion.
Capital raise
30 May 2024 11:59 AM
Special Meeting Results
  • The document details a $1 billion equity investment from JPE and minority co-investors.
  • The document mentions the possibility of raising additional equity or debt capital in the future.
Capital raise
28 May 2024 8:37 AM
Definitive Additional Materials
  • The announcement is related to the equity investment contemplated by the Amended and Restated Investment Agreement by and among SilverSun Technologies, Inc. (to be renamed QXO, Inc.), JPE and other investors.
Capital raise
28 May 2024 6:05 AM
Supplement to Proxy Statement
  • The document references an Amended and Restated Investment Agreement, indicating an equity investment.
  • Jacobs Private Equity II, LLC is identified as the Principal Investor.
  • The investment is contingent upon stockholder approvals and other customary closing conditions.
Capital raise
28 May 2024 6:02 AM
Current Report
  • The document details a $1 billion equity investment from Jacobs Private Equity II, LLC and other investors.
  • The document also mentions the possibility of raising additional equity or debt capital in the future.
Capital raise
24 May 2024 8:00 AM
Current Report
  • The document mentions the possibility of raising additional equity or debt capital from public or private markets after the closing of the Equity Investment.
  • The company may need to raise capital in an amount that may significantly exceed the amount of the Equity Investment.
Capital raise
7 May 2024 4:21 PM
Quarterly Report
  • The company entered into an Amended and Restated Investment Agreement with JPE for an aggregate investment of $1,000,000,000 in cash.
  • The company's stockholders will receive an aggregate cash dividend of $17,400,000 from the proceeds of the Equity Investment.
  • The transactions are subject to approval by the company's stockholders at a special meeting to be held May 30, 2024.
Worse than expected
7 May 2024 4:21 PM
Quarterly Report
  • Although revenue increased, net income from operations decreased, indicating that the company's profitability declined compared to the same period last year.
Capital raise
30 April 2024 9:42 AM
Proxy Statement
  • The Company also intends to pursue capital-raising transactions, including through issuances of Common Stock, other equity securities and/or debt securities, which may be substantial in amount, and at prices which may be less than the trading price of the Common Stock, and otherwise on such terms as may be agreed by the Company.
Capital raise
17 April 2024 5:30 PM
Proxy Statement
  • The document discusses an equity investment in SilverSun Technologies.
  • Brad Jacobs has raised $30 billion of debt and equity capital in his career.
  • The company anticipates raising additional equity or debt capital from public or private markets to pursue its business plan following the closing of the Equity Investment.
Worse than expected
15 April 2024 8:47 AM
Merger Announcement
  • The spin-off of the existing business will no longer occur, which may be viewed negatively by some investors who were anticipating the separation.
Worse than expected
15 April 2024 8:46 AM
Merger Announcement
  • The original plan for a spin-off of the company's existing business has been scrapped, which may be viewed negatively by some investors who were anticipating the spin-off.
Better than expected
15 March 2024 8:00 AM
Annual Results
  • The company reported record revenue and a significant increase in EBITDA plus share-based compensation, indicating better than expected financial performance.
Delay expected
15 March 2024 8:00 AM
Annual Results
  • The merger with Rhodium Enterprises was terminated after a year of failing to clear regulatory hurdles.
Capital raise
15 March 2024 8:00 AM
Annual Results
  • The company has entered into an investment agreement with Jacobs Private Equity II, LLC (JPE) and minority co-investors, resulting in a $1 billion cash investment.
  • The investment agreement also includes a $2.5 million aggregate cash dividend to stockholders.
Capital raise
15 March 2024 7:30 AM
Merger Announcement
  • The document details a $1 billion equity investment from JPE and minority co-investors.
  • It also mentions the possibility of raising additional equity or debt capital in the future to pursue acquisitions.
Worse than expected
14 March 2024 3:31 PM
Annual Results
  • The company reported a net loss of $1,070,095 for the year ended December 31, 2023, which is worse than the net loss of $282,219 for the year ended December 31, 2022.
Capital raise
14 March 2024 3:31 PM
Annual Results
  • SilverSun entered into an Investment Agreement with Jacobs Private Equity II, LLC, providing for an aggregate investment of $1,000,000,000 in cash in SilverSun.
  • The Investors will receive 1,000,000 shares of Convertible Perpetual Preferred Stock and warrants to purchase approximately 219 million shares of SilverSun common stock.
  • Following the Closing, the Investors will own approximately 99.85% of SilverSun common stock on an as-converted, as-exercised basis.

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