Flex amends Amazon warrant tied to Axiom spin-off; Spinco warrant struck at $0.01/share

FLEX LTD.

Oct 9, 2026 amendment covers existing warrant on 3,859,851 Flex ordinary shares at $51.29 each, originally issued Aug 15, 2025 to Amazon.com NV Investment Holdings LLC.
All warrant rights assigned to Amazon.com Services LLC; warrant was amended because of Flex's planned spin-off of its cloud and power infrastructure unit.
Instead of receiving Spinco shares in the distribution, Amazon gets a fully vested Axiom Solutions International warrant at $0.01/share, sized by the warrant's pre-distribution intrinsic value.
Distribution of roughly 88.0% to 94.0% of Spinco common stock to Flex shareholders; Schedule 14A proxy filed Oct 5, 2026 and Spinco Form 10 on file.
Flex claims Section 4(a)(2) exemption from registration for the Amended Warrant and Warrant Shares; CFO Kevin Krumm signed the report.

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