FLEX ANNOUNCES COMPLETION OF THE SPIN-OFF OF ITS REMAINING INTEREST IN NEXTRACKER

AUSTIN, Texas, Jan. 2, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of the spin-off of all of its remaining interest in Nextracker Inc. ("Nextracker") 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 ...