Nextracker overallotment exercised in full; Flex to receive ~$552M net proceeds

FLEX LTD.

Underwriters purchased 1.65M additional Nextracker shares at $36.50/share via overallotment option.
Net proceeds to Nextracker expected approx $552.01M after underwriting discounts and commissions.
Proceeds used to buy 15,631,562 Nextracker LLC common units from Yuma (Flex subsidiary) and TPG.
Offering expected to close July 3, 2023; joint lead book-runners include J.P. Morgan, BofA, Barclays, Citigroup.

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