Flex said it completed the distribution in specie of all Yuma, Inc. shares to Flex shareholders on a pro rata basis as of the record date of December 29, 2023. Yuma then merged into Merger Sub and survived as a wholly-owned subsidiary of Nextracker. The completion took place on January 2, 2024.

1. 01

   Flex said it completed the distribution in specie of all Yuma, Inc. shares to Flex shareholders on a pro rata basis as of the record date of December 29, 2023. Yuma then merged into Merger Sub and survived as a wholly-owned subsidiary of Nextracker. The completion took place on January 2, 2024.

2. 02

   The company said each share of Yuma common stock was converted into the right to receive 0.174185 share of Nextracker Class A common stock. The ratio is 74,432,619 divided by 427,320,196, with cash paid in lieu of fractional shares. 1

3. 03

   Flex said it no longer holds any Nextracker Class A common stock, Nextracker Class B common stock or Nextracker LLC Common Units following the distribution and the merger. The press release also said Flex no longer directly or indirectly holds any securities convertible into or exchangeable for Nextracker common stock.

4. 04

   Flex said it entered into a Tax Matters Agreement with Yuma and Nextracker on January 2, 2024. Yuma and Flex will each bear 50% of certain transfer taxes, and the agreement also sets out mutual indemnification obligations if the tax-free treatment requirements are not met.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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