---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-24-000005"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:39:53.212120+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flex completes spin-off of remaining Nextracker interest; shareholders received ~0.17 NXT shares per FLEX share

## Summary
- 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.

## SEC filing metadata
- accession: 0000866374-24-000005
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637424000005/0000866374-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637424000005/flex-20240102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-24-000005
- JSON: https://secwatch.observer/filing/0000866374-24-000005.json
- Plain text: https://secwatch.observer/filing/0000866374-24-000005.txt

## Key facts
- M&A Transactions
  FLEX LTD. completed a disposition involving Nextracker Inc. (closed 2024-01-02).
  - Action: disposition
  - Counterparty: Nextracker Inc.
  - Closing: 2024-01-02
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000086637424000005/0000866374-24-000005-index.htm

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