Flexible Electronics News

Flex Announces Completion of Nextracker Spin-Off

Finishes the spin-off of all of its remaining interest in Nextracker Inc. to Flex shareholders on a pro rata basis.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced the completion of the spin-off of all of its remaining interest in Nextracker Inc. to Flex shareholders on a pro rata basis. Under the previously disclosed terms of the transaction, Flex shareholders received approximately 0.17 shares of Nextracker Class A common stock for every Flex ordinary share held as of the record date of Dec. 29, 2023, with 74,432,619 shares of Nextracker Class A common stock issued to Flex shareholders in the aggregate. Flex shareholders will receive ca...

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