Nextracker intends to list its common stock on Nasdaq under
the ticker symbol "NXT"
SAN
JOSE, Calif., Jan. 13,
2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX)
announced today that its subsidiary, Nextracker Inc.
("Nextracker"), has publicly filed a registration statement on Form
S-1 with the U.S. Securities and Exchange Commission ("SEC")
relating to a proposed initial public offering of shares of
Nextracker's Class A common stock ("Common Stock"). In connection
with the proposed offering, Nextracker intends to list its Common
Stock on the Nasdaq Global Select Market under the ticker symbol
"NXT." The timing, number of shares of Common Stock to be offered
and the price range for the proposed offering have not yet been
determined. The offering is subject to market and other
conditions.
J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting
as joint lead book-running managers for the proposed offering.
Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and
KeyBanc Capital Markets are acting as joint book-running managers
for the proposed offering. SMBC Nikko, BTIG, UniCredit, and Roth
Capital Partners will act as co-managers for the proposed
offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus, when available,
may be obtained from: the SEC at www.sec.gov; and J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717,
by telephone at (866) 803-9204 or by email at
prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus
Department, by email at dg.prospectus_requests@bofa.com; Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone
at (800) 831-9146; and Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888)
603-5847, or by email at Barclaysprospectus@broadridge.com.
The registration statement relating to the proposed offering has
been filed with the SEC but has not yet become effective. The
Common Stock may not be sold, nor may offers to buy any Common
Stock be accepted prior to the time the registration statement
becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended.
About Flex
Flex (Reg. No. 199002645H) is the
manufacturing partner of choice that helps a diverse customer base
design and build products that improve the world. Through the
collective strength of a global workforce across 30 countries and
responsible, sustainable operations, Flex delivers technology
innovation, supply chain, and manufacturing solutions to diverse
industries and end markets.
About Nextracker
Nextracker is the leading provider of intelligent, integrated
solar tracker and software solutions used in utility-scale and
distributed generation solar power plants around the
world. Our products enable solar panels in utility-scale power
plants to follow the sun's movement across the sky and optimize
plant performance.
Flex Contacts
Investors & Analysts
David A. Rubin
Vice President, Investor
Relations
David.Rubin@flex.com
Media & Press
Mark Plungy
Director, Corporate Public Relations
Mark.Plungy@flex.com
Nextracker Contact
Media & Press
Kristan Kirsh
Vice President, Global Marketing
kkirsh@nextracker.com
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SOURCE Flex