Spin-off - FLEX LTD.
Form Type: 10-K
Filing Date: 2025-05-21
Corporate Action: Spin-off
Type: Update
Accession Number: 000086637425000027
Filing Summary: FLEX LTD. has engaged in a significant corporate action, specifically a spin-off of its subsidiary, Nextracker. The spin-off transaction is structured to allow FLEX to retain a stake in Nextracker while providing shareholders with shares in the newly created company. The process is aimed at unlocking value and enhancing growth opportunities. The document lays out the financial implications of the spin-off, including expected financial results, operational efficiencies, and future strategic directions post-split. Furthermore, the filing outlines that this move is part of a broader corporate strategy to focus on core operations and improve shareholder value.
Additional details:
Spin Off Date: 2024-01-02
Company Name: Nextracker
Business Segment: Renewable Energy
Stake Retained: certain percentage
Form Type: 8-K
Filing Date: 2024-05-14
Corporate Action: Spin-off
Type: Update
Accession Number: 000162828024023261
Filing Summary: The announcement pertains to Nextracker Inc. disclosing its fiscal results for the fourth quarter and full fiscal year ended March 31, 2024. There is no indication of a spin-off in this report.
Additional details:
Newco Cik: 1597356
Parent Cik: 866374
File Number: 001-41617
Access 12: 000162828024
:
Percentage Spun Off: 51.48
Effective Date: 2024-01-02
Spin Off Id: 220
Deleted: 1
Form Type: 8-K
Filing Date: 2024-01-02
Corporate Action: Spin-off
Type: New
Accession Number: 000095010324000003
Filing Summary: Flex Ltd. has completed the spin-off of its remaining interests in Nextracker Inc., distributing shares to Flex shareholders. The spin-off allowed Flex shareholders to receive shares of Yuma Common Stock based on their holdings of Flex Ordinary Shares as of the record date. The spin-off transaction included the merging of Yuma, a flex subsidiary, with Yuma Acquisition Corp., a subsidiary of Nextracker, effectively making Yuma a wholly-owned subsidiary of Nextracker.
Additional details:
Newco Cik: 1597356
Parent Cik: 866374
File Number: 001-41617
:
Percentage Spun Off: 51.48
Effective Date: 2024-01-02
Comments
No comments yet. Be the first to comment!