{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-413173","form_type":"8-K","ticker":"FLEX","cik":"0000866374","company_name":"FLEX LTD.","filed_at":"2026-10-05T12:07:19+00:00","discovered_at":"2026-10-05T12:10:00.151617+00:00","generated_at":"2026-10-12T14:45:22.743670+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Flex sells $2B Axiom convertible preferred to General Catalyst, Koch at $37.5B enterprise value","bullets":["General Catalyst (GC Venture XIII), Koch Equity Development and co-investors to buy 200,000 Series A Convertible Preferred shares of Axiom at $10,000/share, $2.0B total.","Investment implies an initial enterprise value for Axiom of $37.5B; preferred pays 10.0% cash dividend pre-separation, stepping to 6.0% cash or 7.0% PIK after.","If the Spin-Off is not completed by Dec 31, 2027, Axiom must redeem shares at 115% of purchase price in cash or 125% in Flex shares; unpaid amounts accrue 12% interest.","Net proceeds fund part of Flex's pending EPC Power acquisition (announced Sept 3, 2026, expected to close Q4 2026); Flex secured committed term loan for the balance.","Spin-Off of the Cloud and Power Infrastructure segment into Axiom expected Q1 calendar 2027; General Catalyst gets the right to nominate one Axiom director after separation."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-413173","json":"https://secwatch.observer/filing/0001193125-26-413173.json","markdown":"https://secwatch.observer/filing/0001193125-26-413173.md","text":"https://secwatch.observer/filing/0001193125-26-413173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866374/000119312526413173/0001193125-26-413173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866374/000119312526413173/d123485d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:45:22.743670+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}