---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-23-000048"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:31:20.511915+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866374-23-000048
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637423000048/0000866374-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637423000048/flex-20230629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-23-000048
- JSON: https://secwatch.observer/filing/0000866374-23-000048.json
- Plain text: https://secwatch.observer/filing/0000866374-23-000048.txt

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