secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0000866374-24-000005
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000005/0000866374-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000005/flex-20240102.htm
  HTML page:      https://secwatch.observer/filing/0000866374-24-000005

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