---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-035922"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T17:07:05.758994+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flex files merger agreement for potential tax-free spin-off of Nextracker after $24 IPO

## Summary
- Nextracker IPO closed Feb 13: 30.59M Class A shares at $24.00; Flex holds 60.91% post-IPO.
- Merger Agreement gives Flex option to merge Yuma into Nextracker and distribute Yuma shares to Flex shareholders tax-free.
- Registration Rights Agreement grants demand and piggyback rights to Flex and TPG Rise Flash.
- Parties intend distribution and merger to qualify under Sections 355 and 368(a) of the Code.

## SEC filing metadata
- accession: 0001193125-23-035922
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000119312523035922/0001193125-23-035922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000119312523035922/d446099d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-035922
- JSON: https://secwatch.observer/filing/0001193125-23-035922.json
- Plain text: https://secwatch.observer/filing/0001193125-23-035922.txt

## Key facts
- Material Agreements
  FLEX LTD. entered into Agreement and Plan of Merger with Yuma, Inc., Nextracker, Yuma Acquisition Corp. (effective 2023-02-07).
  - Action: entry
  - Agreement: merger
  - Counterparty: Yuma, Inc., Nextracker, Yuma Acquisition Corp.
  - Effective: 2023-02-07
  source text: On February 7, 2023, Flex entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Yuma, Inc., an indirect wholly-owned subsidiary of Flex (“ Yuma ”), Nextracker, at such time a direct wholly-owned subsidiary of Yuma, and Yuma Acquisition Corp., a direct wholly-owned subsidiary of Nextracker (“ Merger Sub ”), in connection with the IPO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000119312523035922/0001193125-23-035922-index.htm
- Material Agreements
  FLEX LTD. entered into Registration Rights Agreement with Yuma, Merger Sub, TPG Rise Flash, L.P. (effective 2023-02-13).
  - Action: entry
  - Counterparty: Yuma, Merger Sub, TPG Rise Flash, L.P.
  - Effective: 2023-02-13
  source text: On February 13, 2023, Nextracker entered into a registration rights agreement (the “ Registration Rights Agreement ”) with Yuma, Merger Sub, TPG Rise Flash, L.P. (together with their permitted transferees, the “ Selling Stockholders ”), pursuant to which Nextracker agreed to grant the Selling Stockholders certain registration rights with respect to Nextracker Common Stock owned by them (including upon exchange of certain common units of Nextracker LLC (the “ LLC Common Units ”) and shares of Class B common stock of Nextracker held by them).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000119312523035922/0001193125-23-035922-index.htm

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