Flex subsidiary Nextracker IPO over-allotment exercised; net proceeds ~$693.8M

FLEX LTD.

Underwriters exercised full option for 3.99M additional shares at $24.00/share.
Total net proceeds to Nextracker estimated at ~$693.8M after discounts and over-allotment.
Proceeds will be used to purchase 30.59M LLC common units from a Flex Ltd. subsidiary.
Lead book-runners: J.P. Morgan, BofA Securities, Citigroup, and Barclays.
Registration statement declared effective by SEC on February 8, 2023.

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