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Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Upsized Initial Public Offering

PR Newswire - Thu Feb 9, 2023

SAN JOSE, Calif., Feb. 9, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that in connection with its previously announced upsized initial public offering of its subsidiary, Nextracker Inc. ("Nextracker") of 26,600,000 shares of its Class A common stock (the "Common Stock"), the underwriters have exercised in full their option to purchase 3,990,000 additional shares of Common Stock at the public offering price of $24.00 per share less underwriting discounts and commissions.

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