GREENWICH, Conn. & DAYTONA BEACH, Fla — QXO, Inc. and TopBuild Corp. have set a deadline for TopBuild stockholders of record to elect the form of consideration that they wish to receive in connection with the acquisition of TopBuild by QXO is 5:00 p.m. (ET), on June 29, 2026.

Each TopBuild stockholder may elect to receive, for each share of TopBuild common stock held prior to the closing of the Mergers, either $505.00 in cash or 20.200 shares of QXO common stock. In each case, subject to the election and proration procedures set forth in the merger agreement and the joint proxy statement/prospectus.

TopBuild stockholders who fail to make a proper election by the Election Deadline will receive stock consideration for their shares of TopBuild common stock. TopBuild stockholders who otherwise would have received a fractional share of QXO common stock will receive cash in lieu of such fractional share.

In April, QXO agreed to acquire TopBuild Corp. for approximately $17 billion, significantly expanding QXO’s scale and capabilities across the building products value chain. The transaction is expected to be immediately and substantially accretive to the company’s earnings.

This was just the most recent of high-profile acquisitions by QXO, including the $2.25 billion acquisition of Kodiak Building Partners completed April 1, and the Spring 2025 $11 billion acquisition of Beacon Building Products. Through the acquisitions of Beacon, Kodiak, and now TopBuild, the company says it has, in less than a year, grown from no building products revenue or EBITDA to the second largest publicly traded building products distributor in North America, with more than $18 billion in combined company revenue and more than $2 billion of combined adjusted EBITDA.