Nextracker launches proposed offering of ~16.5M Class A shares; last price $38.63

FLEX LTD.

Nextracker to offer 14,210,511 primary shares; selling stockholders offer 2,289,489 shares.
Underwriters granted 30-day option for up to 1,650,000 additional shares.
Last reported sale price of Nextracker Class A common stock on June 23, 2023 was $38.63.
Net proceeds from primary offering to purchase Nextracker LLC common units from Yuma and TPG.
Joint lead book-runners: J.P. Morgan, BofA Securities, Barclays, Citigroup.

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