FLEX LTD. (FLEX) Form 8-K — Oct 5, 2026
$FLEXForm 8-KItems 1.01, 2.03, 3.02, 8.01, 9.01Filed Oct 5, 2026, 8:07 AM ET0001193125-26-413173Original filing
Flex Ltd. announced a $2.0 billion private placement of Series A Convertible Preferred Stock in its subsidiary Axiom Solutions International, led by General Catalyst, at $10,000 per share for 200,000 shares. The proceeds will fund part of the EPC Power Corp. acquisition (expected to close Q4 2026) and support the planned spin-off of the Cloud & Power Infrastructure business in Q1 2027.
Key figures
- Interest Rate
- 12
- Gross Proceeds
- 2000000000
- Offering Price
- 10000
- Shares Offered
- 200000
- Distribution range
- approximately 88.0% to 94.0% of Axiom Common Stock
- No spin redemption
- if Spin-Off not consummated on or before Dec 31, 2027
- Redemption deadline
- December 31, 2027
- Redemption price cash
- 115% of $10,000 per share
- Minimum cash condition
- $1,000,000,000
- Redemption price shares
- 125% of $10,000 per share
- External termination date
- June 30, 2027
- Max consolidated funded indebtedness
- $3,000,000,000
AI analysis
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