RXO Announces Raising and Pricing of Common Stock Offering in Connection with Financing of Acquisition of Coyote Logistics from UPS Page 1

RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced that it has increased its previously announced public offering of common stock for $500 million in aggregate gross proceeds, with 19,230,770 shares of its common stock priced at $26.00 per share. The offering is expected to close on September 11, 2024, subject to customary closing conditions.

RXO has granted the underwriters of the offering an option to purchase up to an additional 2,884,615 shares of common stock at the public offering price, less underwriters’ discounts and commissions.