FLEXMEME (FLEX) news

Flex awards director Tan Lay Koon 133 restricted share units in lieu of cash compensation

US Stock Movement: Flex sharply dropped on October 16 due to financing risks from its spin-off, target price downgrade, and pressure from inflation and interest rates

BUZZ - Technology hardware stocks lag due to concerns over artificial intelligence returns

Top Midday Decliners

[U.S. Stock Market Volatility] Flextronics Plunges on October 14: Spin-off Financing Risks, Patent Investigation, and High-Level Correction

Flex Completes Acquisition of EPC Power Ahead of Planned Spin-Off

Flex amends Amazon warrant covering up to 3,859,851 shares in unregistered offering

US Stocks Movement: Flextronics plunges on October 13 — Vicor patent investigation and pullback from highs

Vicor says USITC opens patent probe into vertical power delivery modules, computing systems

Flex schedules fiscal Q2 2027 earnings call

Flex will release second-quarter fiscal 2027 results before the market opens on Oct. 28, 2026. Conference call set for Oct. 28, 2026 at 7:30 a.m. CT (8:30 a.m. ET). Live webcast scheduled on investors.flex.com on Oct. 28, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flex Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610071605PR_NEWS_USPR_____SF65045) on October 07, 2026, and is solely responsible for the information contained therein.

Flex's Cloud and Power Business Gets $2B in Convertible Stock Investment Ahead of Spinoff

By Kelly Cloonan Flex agreed to sell $2 billion in convertible preferred stock of Axiom Solutions International, its cloud and power-infrastructure segment, as it prepares to spin off the business. Flex said Monday the investment--which was led by General Catalyst with participation from Koch Equity Development and other investors--positions Axiom to capitalize on growing demand for artificial-intelligence infrastructure as it prepares to operate as an independent company. As part of the investment, General Catalyst will have the right to nominate one director to Axiom's board of directors following completion of the separation. Axiom said it would use the proceeds from the investment to fund a portion of its pending acquisition of power conversion solutions provider EPC Power. Flex had disclosed the $4.4 billion deal for EPC last month. Flex disclosed earlier this year the plans to separate Axiom into its own publicly traded company focused on power, thermal and compute infrastructure for AI. The company said Monday it expects the separation to close in the first quarter of calendar year 2027. Write to Kelly Cloonan at kelly.cloonan@wsj.com (END) Dow Jones Newswires October 05, 2026 09:07 ET (13:07 GMT)

Flex to Sell $2 Billion of Axiom Solutions' Series A Convertible Preferred Shares

09:03 AM EDT, 10/05/2026 (MT Newswires) -- Flex (FLEX) said Monday it has agreed to sell $2 billion of Series A convertible preferred shares of its Axiom Solutions International business to funds affiliated with General Catalyst, Koch Equity Development, and other co-investors. General Catalyst will have the right to nominate one director to Axiom's board after the separation of Axiom into an independent, public company in Q1 of 2027, Flex said. The convertible preferred stock pays a 10% annual cash dividend before the spin-off, lowering to 6% per year in cash or 7% if paid in kind following the separation, subject to increases five years after the spin-off, the company said. Flex will use proceeds from the investment to fund a part of the purchase price of Axiom's pending acquisition of EPC Power, repay any equity bridge or other funding related to the acquisition, pay dividends on the convertible preferred stock, or for general corporate purposes, it said. Shares of Flex were up 2% pre-bell.

--Flex to Sell $2 Billion of Axiom Solutions' Series A Convertible Preferred Shares

08:32 AM EDT, 10/05/2026 (MT Newswires) -- Flex to Sell $2 Billion of Axiom Solutions' Series A Convertible Preferred Shares

Flex enters USD 3.3 billion 364-day term loan credit agreement with Citibank-led lenders

US Stock Movement: Flex jumps on September 25th after Axiom spin-off, EPC acquisition, and AI power advances

Sector Update: Tech Stocks Edge Higher Pre-Bell Tuesday

Flex Appoints Amy Schwetz CFO Ahead of AI Data-Center Spin-Off

Flex Names Cloud Portfolio Spin-Off as Axiom Solutions International

Flex to Acquire EPC Power for $4.4 Billion in AI Data Center Push