Flex Announces Subsidiary Nextracker Launched Offering Of 14,210,511 Shares Of Class A Common Stock And 2,289,489 Of Common Stock By Certain Stockholders For $38.64/Share
Portfolio Pulse from Benzinga Newsdesk
Flex's subsidiary Nextracker has launched an offering of 14,210,511 shares of Class A common stock and 2,289,489 of common stock by certain stockholders at $38.64 per share.
June 26, 2023 | 8:36 pm
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NEUTRAL IMPACT
Flex's subsidiary Nextracker's stock offering could impact FLEX's stock price in the short term.
Nextracker's stock offering could have an impact on FLEX's stock price as it is a subsidiary of Flex. However, the extent of the impact is uncertain due to the offering being made by certain stockholders and not directly by the company.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80