Nextracker Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing

Rhea-AI Summary

Nextracker Inc. submitted a draft registration statement on Form S-1 to the SEC for a proposed IPO of its Class A common stock. The timing of the IPO will depend on market conditions and SEC review. This announcement is not an offer to sell or solicit securities. Flex, the manufacturing partner of choice, aims to deliver technology innovation and sustainable manufacturing solutions globally across diverse industries.

Positive

• Confidential submission of IPO registration indicates potential growth opportunity for Nextracker.
• Engagement with SEC suggests the company is preparing for a significant financing event.

Negative

• Timing of the IPO is uncertain, subject to market conditions and SEC review, which may cause delays.

SAN JOSE, Calif., April 28, 2021 /PRNewswire/ -- Nextracker Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its Class A common stock. The initial public offering and its timing are subject to market and other conditions and the SEC's review process.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.

About Flex Ltd.

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

Contacts
Media & Press
media@nextracker.com

Investors & Analysts
IR@nextracker.com

 

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SOURCE Flex

FAQ

What is Nextracker's IPO submission date?

Nextracker submitted its draft registration statement on April 28, 2021.

What does the IPO submission mean for Flex?

The IPO submission indicates that Nextracker is exploring ways to raise capital, potentially benefiting Flex in the long term.

What type of stock is being offered in Nextracker's IPO?

Nextracker plans to offer Class A common stock in the proposed IPO.

Is Nextracker's IPO guaranteed?

No, the IPO is subject to market conditions and SEC review, which may affect its timing.

What company is behind Nextracker?

Nextracker is associated with Flex, a global manufacturing partner.