Form 8-K - Current report
18 Diciembre 2023 - 4:14PM
Edgar (US Regulatory)
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2023-12-18
2023-12-18
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2023-12-18
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 18, 2023
Nextracker Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-41617 |
36-5047383 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6200 Paseo Padre Parkway, Fremont, California 94555
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (510) 270-2500
______________________
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: |
Title of each class |
|
Trading Symbol |
|
Name of exchange on which registered |
Class A Common Stock, par value $0.0001 |
|
NXT |
|
The Nasdaq Stock Market LLC |
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
On December 18, 2023, Flex Ltd. (“Flex”)
announced that the High Court of Singapore approved the capital reduction to be carried out by Flex pursuant to Section 78G of the Singapore
Companies Act (the “Capital Reduction”), in order to effect the distribution in specie of all of the shares of common
stock, par value $0.001 per share (“Yuma Common Stock”), of Yuma, Inc. (“Yuma”) to the shareholders of Flex on
a pro rata basis based on the number ordinary shares of Flex (each, a “Flex Ordinary Share”) held by each shareholder
of Flex (the “Distribution”) as of the record date of the Distribution pursuant to that certain Agreement and Plan of Merger
by and among Nextracker Inc. (the “Company”), Flex, Yuma and Yuma Acquisition Corp. (“Merger Sub”), dated as of
February 7, 2023 (the “Merger Agreement”). Flex has set the record date for the Distribution as December 29, 2023 (the “Distribution
Record Date”).
Flex has announced that it expects
to effect the Distribution on January 2, 2024. Immediately following the Distribution, each holder of Flex Ordinary Shares will hold one
share of Yuma Common Stock for each Flex Ordinary Share held by such holder as of the Distribution Record Date.
On the same day as and immediately
following the Distribution, the Company and Flex expect, on the terms and subject to the conditions set forth in the Merger Agreement,
to effect the merger of Yuma with and into Merger Sub, with Yuma surviving the merger as a wholly-owned subsidiary of the Company (the
“Merger”). As a result of the Merger, each share of Yuma Common Stock issued and outstanding as of immediately prior to the
closing of the Merger will be automatically converted into the right to receive a number of shares of Class A common stock, par value
$0.0001, of the Company (“Class A Common Stock”) based on an exchange ratio set forth in the Merger Agreement (with cash payments
to holders of shares of Yuma Common Stock in lieu of any fractional shares of Class A Common Stock in accordance with the terms of the
Merger Agreement).
As a result, the Company expects the
Merger to close on or around January 2, 2024. The Merger will become effective upon the filing of the certificate of merger with the Delaware
Secretary of State or at such later time as may be agreed by the Company and Flex in writing and specified in the certificate of merger
for the Merger.
Forward-Looking
Statements
This
communication contains certain statements about the Company and Flex that are forward-looking statements. Forward-looking statements are
based on current expectations and assumptions regarding the Company’s and Flex’s respective businesses, the economy and other
future conditions. In addition, the forward-looking statements contained in this communication may include statements about the expected
effects on the Company and Flex of the proposed business combination and related transactions (the “Transactions”) involving
the Company and Flex, the anticipated timing and benefits of the Transactions, the Company’s and Flex’s respective anticipated
financial results, and all other statements in this communication that are not historical facts. Because forward-looking statements relate
to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict
and are detailed more fully in the Company’s and Flex’s respective periodic reports filed from time to time with the Securities
and Exchange Commission (“SEC”) and other documents filed by the Company or Flex, as applicable, with the SEC. Such uncertainties,
risks and changes in circumstances could cause actual results to differ materially from those expressed or implied in such forward-looking
statements. Forward-looking statements included herein are made as of the date hereof, and neither the Company nor Flex undertakes any
obligation to update publicly such statements to reflect subsequent events or circumstances, except to the extent required by applicable
securities laws. Investors should not put undue reliance on forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
|
104 |
Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
Nextracker Inc. |
|
|
|
|
By: |
/s/ Léah Schlesinger |
|
|
Léah Schlesinger |
|
|
General Counsel, Chief Ethics and Compliance Officer |
Date: December 18, 2023
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