QXO, Inc. receives an additional $1.8 billion in funding from Apollo Global Management, bringing total investment to $3 billion. Apollo, Temasek, and other investors will purchase convertible perpetual preferred stock to fund acquisitions through July 15, 2026, with a possible 12-month extension if a definitive acquisition agreement is made before the initial period expires. In pre-market trading, QXO shares were up 0.92% at $25.23 on the NYSE.

Read more at Nasdaq: QXO Gets Additional $1.8 Bln Financing From Apollo, Temasek