FLEX LTD. (FLEX): M&A transaction — Flex completes spin-off of remaining Nextracker interest; shareholders received ~0.17 NXT shares per FLEX share

FLEX LTD.

Flex distributed all 74,432,619 Nextracker Class A shares to shareholders on Jan 2, 2024.
Exchange ratio: 0.174185 Nextracker shares per Flex ordinary share.
Flex no longer holds any Nextracker common stock or convertible securities.
Flex shares continue trading on Nasdaq under FLEX; Nextracker under NXT.
Transaction completed under Merger Agreement dated Feb 7, 2023; J.P. Morgan advised Flex.

item 1.01 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FLEX LTD. completed a disposition involving Nextracker Inc. (closed 2024-01-02).

Action: disposition
Counterparty: Nextracker Inc.
Closing: 2024-01-02

Exact text from the filing

On January 2, 2024, Flex completed the previously announced distribution in specie of all of the shares of common stock, par value $0.001 per share (“Yuma Common Stock”), of Yuma to the shareholders of Flex

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FLEX LTD. filing history →

Source: SEC EDGAR

accession 0000866374-24-000005

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