RXO, Inc. (NYSE:RXO), a company in the transportation services sector, has made a filing with the Securities and Exchange Commission (SEC) today, detailing a prospectus supplement for the resale of common stock by certain selling stockholders. The filing, part of the company's registration statement on Form S-3ASR (File No. 333-282002), allows for the resale of an aggregate of 28,514,952 shares of RXO’s common stock.
The shares available for resale include 22,255,481 outstanding shares of common stock and an additional 6,259,471 shares that could potentially be issued upon the exercise of pre-funded warrants. This move enables the named selling stockholders to resell their shares in the open market.
The legal opinion concerning the shares, provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP, has been included as part of the filing. This opinion is also incorporated by reference into the Registration Statement, supporting the legal framework for the resale of the shares.
RXO, Inc., previously known as RXO, LLC and before that as NAT Holdings, LLC, is incorporated in Delaware and has its principal executive offices in Charlotte, North Carolina. The company operates under the organization name 01 Energy & Transportation, reflecting its focus on the transportation services industry.
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