Global Sourcing Spotlight: How Global Sourcing Drives Innovation
One World, One Industry: IPC APEX EXPO 2025 Marks a Special Anniversary Year
Nolan’s Notes: Your Golden Ticket
Flex Announces Completion of the Spin-Off of its Remaining Interest in Nextracker
January 4, 2024 | FlexEstimated reading time: Less than a minute
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 December 29, 2023, with 74,432,619 shares of Nextracker Class A common stock issued to Flex shareholders in the aggregate. Flex shareholders will receive cash in lieu of any fractional shares.
As a result of the completion of the spin-off, Flex no longer directly or indirectly holds any shares of Nextracker common stock or any securities convertible into or exchangeable for shares of Nextracker common stock. Flex ordinary shares will continue to trade on Nasdaq under the ticker symbol "FLEX" and shares of Nextracker Class A common stock will continue to trade on Nasdaq under the ticker symbol "NXT".
Share on:
Suggested Items
ASMPT: New Stationary Camera for SIPLACE Placement Machines
03/13/2025 | ASMPTMarket and technology leader ASMPT is offering a new stationary camera available for its placement machines equipped with SIPLACE placement heads CPP and TWIN. It delivers significantly faster processing speeds as well as more component flexibility – from highly integrated ball grid arrays (BGAs) to large-format odd shape components (OSCs).
Flex Named 2025 World's Most Ethical Companies Honoree for the Third Consecutive Year
03/12/2025 | FlexFlex announced its recognition as one of the 2025 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
Flexible Thinking Flexible Circuit Technology—Looking Back and Forward
03/03/2025 | Joe Fjelstad -- Column: Flexible ThinkingFlexible circuit technology came on the scene as a solution largely for niche applications, however, the technology has emerged in recent years as a cornerstone of modern electronics. Today, the technology is enabling a broad range of new product designs across industries. From wearable devices and medical implants to foldable smartphones and numerous automotive applications, flexible circuits are arguably at the heart of much of the next generation of innovations.
Flex Expands U.S. Manufacturing Capacity to Meet Customers' Growing AI-Driven Power Demands with New Dallas Facility
02/28/2025 | FlexThis strategic investment enhances Flex's ability to meet the rising power infrastructure demands driven by AI adoption and reduces production lead times for U.S. customers.
Pusan National University Develops One-Step 3D Microelectrode Technology for Neural Interfaces
02/28/2025 | PRNewswireNeural interfaces are crucial in restoring and enhancing impaired neural functions, but current technologies struggle to achieve close contact with soft and curved neural tissues. Researchers at Pusan National University have introduced an innovative method—microelectrothermoforming (μETF)—to create flexible neural interfaces with microscopic three-dimensional (3D) structures.