QXO, Inc. completed its acquisition of TopBuild Corp., which was renamed QXO Insulation, LLC. TopBuild stockholders of record representing approximately 91.0% of outstanding shares elected to receive a combination of $249.67 in cash and 10.212 QXO common stock shares per TopBuild share. The transaction involved significant debt restructuring, including $1.5 billion in 6.500% senior notes due 2031 and $1.5 billion in 6.875% senior notes due 2034, alongside a $3.0 billion incremental term loan facility. QXO Insulation, LLC operates in the building products and insulation industry.

TopBuild Corp. stockholders approved the TopBuild Merger Proposal during a virtual special meeting held on June 29, 2026. The approved merger agreement, dated April 18, 2026, involves QXO, Inc., Titanium MergerCo, Inc., and Titanium MergerCo 2, LLC. Under the terms, Titanium Merger Sub will merge with TopBuild Corp., leaving the company as a wholly owned subsidiary of QXO, followed by a second merger with Forward Merger Sub. The vote included 18,198,701 shares in favor and 5,243,756 shares against. Stockholders also approved the TopBuild Compensation Proposal regarding executive pay. TopBuild Corp. is a provider of insulation and exterior building products for the construction industry.

TopBuild Corp. voluntarily amended and supplemented its Joint Proxy Statement/Prospectus to address litigation and stockholder demand letters regarding its proposed merger with QXO, Inc. The supplement includes additional disclosures regarding Morgan Stanley's financial advisory fees, which are estimated to be between $19 million and $21 million in connection with bridge facilities and note issuances. TopBuild Corp. is a provider of insulation and other building products for the construction industry.

TopBuild Corp. announced that participants in its 401(k) Plan will be subject to a blackout period exceeding three consecutive business days. This action is related to the previously announced acquisition of the company by QXO, Inc., pursuant to a merger agreement dated April 18, 2026. On June 15, 2026, the company notified its directors and executive officers of the blackout period and associated trading prohibitions under the Sarbanes-Oxley Act. TopBuild Corp. operates in the construction industry and provides specialty installation services for insulation and other building products.

TopBuild Corp. entered into supplemental indentures for its 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034 to facilitate its acquisition by QXO, Inc. The amendments eliminate the requirement for a Change of Control Offer and remove most restrictive covenants and default events. These amendments become operative only if the tender offers and consent solicitations for the notes are successfully completed. TopBuild Corp. is a provider of insulation and exterior building products for the construction industry.