---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-23-000016"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:46:54.358017+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866374-23-000016
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637423000016/0000866374-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637423000016/flex-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-23-000016
- JSON: https://secwatch.observer/filing/0000866374-23-000016.json
- Plain text: https://secwatch.observer/filing/0000866374-23-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.