Flex Announces New Company Name for the Planned Cloud and Power Infrastructure Spin-Off and Files Form 10 Registration Statement
Flex unveiled Axiom Solutions International, Inc. as the name of its planned Cloud and Power Infrastructure company and filed its preliminary Form 10 registration statement with the SEC, marking a key milestone in the planned spin-off. Axiom is expected to trade on Nasdaq under the ticker symbol 'AXM' once the separation completes, targeted for the first quarter of calendar 2027, subject to Flex board, shareholder, and Singapore High Court approvals. Flex CEO Revathi Advaithi will lead Axiom, which is positioned around power, thermal management, and compute at the system level for AI-driven infrastructure demand.
Key figures
- Spin Co Name
- Axiom Solutions International, Inc.
- Form10 Status
- preliminary Form 10 filed with SEC
- Spin Co Ticker
- AXM
- Conditions Remaining
- ["final Flex Board approval","Form 10 effectiveness","Flex shareholder approval","Singapore High Court approval"]
- Spin Off Completion Target
- first quarter of calendar 2027
AI analysis
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