Nextracker: Singapore court approves capital reduction for Flex spin-off; merger expected Jan 2, 2024

Nextpower Inc.

High Court of Singapore approved capital reduction for Flex's distribution of Yuma shares to Flex shareholders.
Distribution record date set for December 29, 2023; distribution expected January 2, 2024.
Immediately after distribution, Yuma will merge into Nextracker Merger Sub; each Yuma share converts to Nextracker Class A common stock.
Merger expected to close on or around January 2, 2024, upon filing of certificate of merger in Delaware.

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