QXO Inc. (NYSE: QXO) and TopBuild Corp. (NYSE: BLD) announced that TopBuild stockholders have until 5:00 p.m. Eastern Time on June 29, 2026, to elect the form of consideration they wish to receive in QXO's acquisition of TopBuild.

TopBuild stockholders may choose between $505.00 in cash or 20.200 shares of QXO common stock for each TopBuild share they own. Stockholders who fail to make an election by the deadline will automatically receive stock consideration, according to the companies' statement.

To make an election, TopBuild stockholders must deliver completed election materials to Equiniti Trust Company, LLC by the deadline. Election materials were sent to stockholders beginning June 4, 2026.

The election process is part of the merger agreement detailed in a joint proxy statement/prospectus dated May 29, 2026. Stockholders who would receive fractional shares of QXO common stock will receive cash instead of the fractional portion.

QXO describes itself as the largest publicly traded distributor of roofing and waterproofing products and second-largest distributor of lumber and building materials in North America. TopBuild, headquartered in Daytona Beach, Florida, operates as the largest distributor and installer of insulation and related building products in North America, with more than 450 locations across the United States and Canada.

Questions about the election process can be directed to Innisfree M&A Incorporated at (877) 750-8129 or through stockholders' bank, broker or other nominee.