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Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Offering of Class A Common Stock

PR Newswire - Thu Jun 29, 2023

AUSTIN, Texas, June 29, 2023 /PRNewswire/ -- Flex Ltd. (Nasdaq: FLEX) announced today that in connection with its previously announced underwritten offering of its subsidiary, Nextracker Inc. ("Nextracker") of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions. The offering is expected to close on July 3, 2023, subject to customary closing conditions.

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