Key Takeaways Flex buys EPC Power, adding advanced power conversion and grid-forming technologies to its CPI portfolio.EPC Power brings 15 GW of deployed technology and supports next-generation 800-volt data center systems.Flex expects 65-75% CPI revenue growth in fiscal 2027, ahead of its planned separation in calendar 2027. Flex Ltd. (FLEX - Free Report) has completed its acquisition of EPC Power, a provider of intelligent power conversion solutions for data centers and grid applications. The acquisition strengthens Flex's Cloud and Power Infrastructure (CPI) portfolio by adding advanced power conversion and grid-forming technologies to its existing capabilities across power, cooling and compute.
EPC Power combines proprietary hardware, software and control systems with U.S.-based engineering and manufacturing capabilities. Its technology supports grid stabilization and backup power, with more than 15 gigawatts (GW) deployed. The company's platform is also designed to support next-generation 800-volt data center power architectures.
Management highlighted that EPC Power's technologies complement the company's existing portfolio, helping customers address the increasing AI infrastructure power requirements through more efficient, resilient and integrated solutions.
Flex Strengthens Its AI Infrastructure PortfolioThe acquisition follows Flex's ongoing investments in electrical infrastructure and data center technologies. During first-quarter fiscal 2027, management stated growing customer discussions around integrating power, cooling and next-generation computing technologies.
Flex is currently working on 400-volt power programs, followed by 800-volt architectures. Management indicated that these technology transitions were progressing as planned, with no significant limitations anticipated for its fiscal 2027 and 2028 outlooks.
The company's CPI segment generated $2.2 billion in first-quarter fiscal 2027 revenues, representing 35% year-over-year growth. The increase was driven by strong performance in power, alongside the continued ramp-up of new cloud and cooling programs. Adjusted operating income reached $214 million, with an operating margin of 9.7%.
Flex expects CPI revenues to grow 65% to 75% in fiscal 2027, supported by both cloud and power operations, with power anticipated to grow faster than cloud.
Meanwhile, Flex plans to separate CPI into an independently traded company, Axiom Solutions International, Inc., in the first quarter of calendar 2027. EPC Power will be part of the segment ahead of this planned separation.
Flex is gaining from the AI and data center buildout, alongside growth in industrial and communications. The company raised its fiscal 2027 revenue guidance to $33.7-$35.2 billion from $32.3-$33.8 billion.
On its last earnings call, the company projected 65-75% revenue growth in its Cloud and Power Infrastructure business, while free cash flow conversion was expected to decline to approximately 40% from 60%, primarily due to one-time separation costs.
Taking a Look at FLEX’s CompetitorsJabil Inc. (JBL - Free Report) is gaining from strong AI infrastructure demand, expanding hyperscale relationships and rising investments in compute, networking, power and cooling solutions. The company’s Intelligent Infrastructure business is expected to drive growth, supported by increasing data center spending and higher-value manufacturing opportunities. Diversification across healthcare, automotive, energy infrastructure, defense and robotics further strengthens its growth prospects. Jabil’s asset-light manufacturing model, improving operating margins and robust free cash flow support capacity expansion and shareholder returns.
Celestica (CLS - Free Report) is gaining from robust AI-driven demand, rising data center investments and growing demand for high-speed networking and cloud infrastructure solutions. Its Connectivity & Cloud Solutions segment remains a key growth driver, supported by strong hyperscale customer demand and advanced networking products. Celestica is expanding its high-value product portfolio through innovation and collaborations, while strengthening manufacturing and engineering capabilities.
Vertiv (VRT - Free Report) is gaining from rising AI data center investments, increasing demand for power and cooling solutions, and expanding integrated infrastructure offerings. Vertiv is strengthening its portfolio through strategic acquisitions, including ThermoKey, PurgeRite, King Environmental Services and the planned acquisition of UtilityInnovation Group, enhancing its thermal management, fluid services and power infrastructure capabilities. Strong demand across the Americas and the Asia Pacific, improving EMEA performance, favorable pricing and operating efficiencies support growth.
Ra’anana, Israel, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN, FSE:C80) (“Rail Vision” or the “Company”), an early commercialization stage technology company transforming railway safety through advanced AI-integrated sensing systems, today announced new branding for its existing MainLine and ShuntingYard products, which will now be marketed as TrackScout and YardFlow Flex, respectively. With the updated TrackScout and YardFlow Flex branding, Rail Vision offers AI-powered perception solutions tailored to two distinct operating environments: mainline freight and passenger rail networks and complex industrial and freight yard operations.
TrackScout – Advanced AI Perception for Mainline Rail
TrackScout (formerly MainLine) is Rail Vision’s long-range AI perception system for mainline freight and passenger rail networks. Powered by multi-spectral electro-optical sensors and proprietary deep learning algorithms, the system detects and classifies hazards in real time at an extended visual range of up to 2,000 meters (1.2 miles), giving drivers critical reaction time to prevent incidents, maximize uptime, and maintain continuous operations, even under challenging weather and visibility.
The system features anomaly detection for unclassified hazards and industry-first switch-state detection, delivering clear real-time visual and acoustic alerts. Designed with a modular structure, TrackScout enables quick, simple retrofit across diverse locomotive fleets.
YardFlow Flex – AI-Powered Perception for Challenging Yard Environments
YardFlow Flex (formerly ShuntingYard) is Rail Vision’s AI-powered perception system for freight and industrial yards across locomotives and railcar movers operating in challenging yard environments. The system detects on-track and near-track hazards at distances of up to 200 meters (650 feet), including poor weather and low visibility. Key capabilities include switch-state detection, anomaly detection and sideswipe detection for rolling stock past the foul line. The system is built with a robust, modular design for seamless installation across diverse switching fleets.
TrackScout and YardFlow Flex are complemented by Rail Vision’s operational intelligence platform which uses big data analytics, real-time tracking, and continuous event recording to deliver actionable insights that maximize safety and efficiency across the entire fleet.
About Rail Vision Ltd.
Rail Vision (Nasdaq: RVSN, FSE: C80) is an early commercialization stage technology company transforming railway safety through advanced AI-integrated sensing systems. The Company develops and commercializes proprietary, multi-spectral electro-optic platforms that provide extended-range situational awareness and real-time hazard detection. Using machine learning algorithms to identify and classify obstacles, Rail Vision’s technology enhances safety, improves operational efficiency, and supports continuity across deployments.
The Company’s cloud-based platform complements its products by transforming railway operational data into actionable insights that help optimize performance, reduce downtime, and improve safety. As the Company expands its global footprint, it delivers AI-driven perception that supports safer operations, reduces operational risk, and enables the transition to fully autonomous operations.
Rail Vision holds a 51% stake in Quantum Transportation, which has an exclusive sub-license for rail technologies under an innovative pending patent in quantum error correction owned by Ramot, the technology transfer company of Tel Aviv University.
For more information, please visit https://www.railvision.io/
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected capabilities, performance and benefits of TrackScout, YardFlow Flex and its operational intelligence platform, the potential of these solutions to support railway safety and operational efficiency, and the Company's plans for the commercialization, deployment and marketing of its product portfolio. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.
Investor Relations:
Michal Efraty
[email protected]
Michael Hartung - President & Chief Commercial Officer
Kevin Krumm - Chief Financial Officer
Christopher Butler - President of Embedded & Critical Power Business
Conference Call Participants
Mark Delaney - Goldman Sachs Group, Inc., Research Division
Presentation
Mark Delaney
Goldman Sachs Group, Inc., Research Division
Okay. Great. Thank you, everybody, for joining us. My name is Mark Delaney, and I have the pleasure of covering Flex for Goldman Sachs. Very pleased to have with us today, Michael Hartung, the President and Chief Commercial Officer of Flex as well as the planned CEO of RemainCo Flex; Kevin Krumm, CFO of the combined company and the planned CFO of the SpinCo; and Chris Butler, who is the President of Critical and Embedded Power of Flex, but will be the Chief Technology and Strategy Officer of the SpinCo. Thank you all for joining.
Michael Hartung
President & Chief Commercial Officer
Good to be here. Thanks, Mark.
Question-and-Answer Session
Mark Delaney
Goldman Sachs Group, Inc., Research Division
Mike, I want to start with you, and congrats on your pending appointment as CEO of RemainCo Flex. Maybe you can start with some of your key priorities as you take on that role.
Michael Hartung
President & Chief Commercial Officer
Yes, sure. So I think as everybody in the room probably knows, we've announced a spin. We expect that spin to be executed just after the first of the year. And so when I think about priorities, I think about them in phases. So you've got this pre-spin priority list and then post-spin priority list. Pre-spin, we're really focused on 2 things: getting the execution of the spin correct and timely. And then two, maintaining the momentum that we've created over the past, call it, 2 quarters in the RemainCo business. So if you think
Flex Ltd. (NASDAQ: FLEX - Get Free Report) shares were up 7.2% on Friday. The stock traded as high as $115.64 and last traded at $115.8180. Approximately 284,229 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 4,870,457 shares. The stock had previously closed at $108.01. Wall Street
, /PRNewswire/ -- Flex (Nasdaq: FLEX) today unveiled Axiom Solutions International, Inc. (Axiom) as the name of its planned independent Cloud and Power Infrastructure company and filed its preliminary Form 10 registration statement (Form 10) with the U.S. Securities and Exchange Commission (SEC), marking a key milestone in the planned spin-off from Flex (Spin-Off). Following completion of the planned Spin-Off, Axiom is expected to trade on the Nasdaq under the ticker symbol "AXM."
Axiom Logo
The Form 10 provides additional information about Axiom, including its business, strategy, financial profile, leadership team and the anticipated terms of the separation.
"Axiom is built to lead the next generation of critical digital and electrical infrastructure," said Revathi Advaithi, Flex Chief Executive Officer and expected Chief Executive Officer of Axiom. "By bringing together power, thermal management and compute at the system level, we help customers deploy increasingly complex infrastructure with greater speed and scale, as AI drives new demands on the physical infrastructure behind it."
The name Axiom reflects a foundational principle: bringing together power, cooling and compute at the system level to support the reliable, scalable infrastructure needed for the future.
The planned separation is expected to be completed in the first quarter of calendar 2027, subject to customary conditions, including, among other things, final approval by the Flex Board of Directors, the effectiveness of the Form 10 and Flex shareholder and Singapore High Court approval.
Upon completion, Flex and Axiom are expected to operate as independent publicly traded companies. Additional details on each company's strategy will be shared at Innovation Day on November 10, 2026, in Austin, Texas.
For additional information about Axiom visit axiomsolutions.com
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.
Contacts
Flex Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
[email protected]
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned Spin-Off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the Spin-Off and the ability to complete the Spin-Off; the anticipated benefits of the Spin-Off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the Spin-Off for U.S. federal income tax purposes; the expected future performance of each company following completion of the Spin-Off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed Spin-Off include, but are not limited to: uncertainties as to whether the Spin-Off will be completed and the timing thereof; the possibility that various conditions to the completion of the Spin-Off may not be satisfied or waived; the possibility that the Spin-Off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the Spin-Off may be more difficult, time-consuming, or costly than expected, including the impact on Flex's resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the Spin-Off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the Spin-Off; disruption from the Spin-Off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the Spin-Off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the Spin-Off; uncertainty regarding the financial performance of either company following the Spin-Off; negative effects of the announcement or pendency of the Spin-Off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the Spin-Off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the SEC. All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed Spin-Off, Flex intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off proposal. In addition, a registration statement on Form 10 has been filed with the SEC by Axiom with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and Axiom with the SEC on the SEC's website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex's website at investors.flex.com.
Participants in the Solicitation
Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex's directors and executive officers and their ownership of Flex ordinary shares is contained in Flex's proxy statement for its 2026 annual general meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings "Corporate Governance," "Fiscal Year 2026 Non-Employee Directors' Compensation," "Proposal No. 1: Re-election of Directors," "Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation," "Compensation Discussion and Analysis," "Executive Compensation," "Information about our Executive Officers" and "Security Ownership of Certain Beneficial Owners and Management." To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual general meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.
Amy B. Schwetz will join Flex as CFO of its RMS and ITS segments and is expected to serve as Flex CFO following the separation Post-separation board composition announced, including four new directors: George R. Oliver and Brian Yoor to Flex, and Mark Eubanks and David Johnson to Axiom , /PRNewswire/ -- Flex (Nasdaq: FLEX) today announced that Amy B. Schwetz will join the company as Chief Financial Officer (CFO) of its Regulated Manufacturing Services (RMS) and Integrated Technology Services (ITS) segments on October 5, 2026, and is expected to serve as Flex CFO following completion of the planned separation of its Cloud and Power Infrastructure segment. Flex also announced the expected post-separation composition of the Boards of Directors of Flex and Axiom Solutions International, Inc. (Axiom), including four new director appointments. As announced separately today, Axiom will be the name of the future independent company.
Schwetz brings more than 25 years of finance and accounting experience. She most recently served as CFO of Flowserve and previously served as CFO of Peabody Energy, where she held finance roles of increasing responsibility over 14 years. She began her career at Ernst & Young and brings extensive public company financial leadership and industrial experience to Flex.
The Flex Board will bring extensive global manufacturing, technology, financial and public company leadership experience to support the company's next chapter. The Axiom Board will combine deep electrical industry, technology, global operating and financial expertise to support Axiom's growth as an independent company.
Expected Flex Board Following the Separation
Revathi Advaithi, CEO of Flex; expected CEO of Axiom (Chair) Michael Hartung, CCO of Flex; expected CEO of Flex John D. Harris II, former CEO of Raytheon International, Inc. Erin L. McSweeney, Chief People Officer of UnitedHealth Group Lay Koon Tan, former CEO of STATS ChipPAC Patrick J. Ward, former CFO of Cummins George R. Oliver, former Chair and CEO of Johnson Controls Brian Yoor, former CFO of Abbott Laboratories Prior to the separation, Flex plans to appoint a Lead Independent Director of the Flex Board, effective upon the separation.
Expected Axiom Board Following the Separation
William D. Watkins, former CEO of Seagate Technology (Chair) Revathi Advaithi, CEO of Flex (expected CEO of Axiom) Michael E. Hurlston, CEO of Lumentum Charles K. Stevens III, former CFO of General Motors Maryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification of ABB Mark Eubanks, CEO of Brink's David Johnson, CFO of Corteva, Inc. New Director Appointees
George R. Oliver and Mark Eubanks will join the Flex Board, effective September 24, 2026. Following completion of the separation, Oliver will continue serving on the Flex Board and Eubanks will transition to the Axiom Board. Brian Yoor and David Johnson are expected to join the Flex and Axiom boards, respectively, upon completion of the separation.
Flex New Director Appointees Bios
George R. Oliver previously served as chair and CEO of Johnson Controls and as CEO of Tyco International. He brings decades of global industrial leadership and deep manufacturing, operational and strategic expertise. He currently serves on the boards of RTX Corporation and NVR, Inc.
Brian Yoor is the former CFO of Abbott Laboratories, where he led global finance, capital allocation, investor relations and enterprise financial strategy. During his more than 20-year career at Abbott, he held senior finance leadership roles across the company's diagnostics, nutrition and pharmaceutical businesses. He brings extensive experience in financial leadership, capital markets, investor engagement and audit oversight.
Axiom New Director Appointees Bios
Mark Eubanks is CEO and a director of Brink's. He previously held leadership roles at Otis and served as group president of Eaton's Electrical Products business, where he oversaw approximately $6 billion in annual revenue. He brings deep electrical industry knowledge and extensive global operating experience.
David Johnson is CFO of Corteva, Inc. He previously served as CFO and chief accounting officer of Atkore and spent 29 years at Eaton, most recently as vice president of finance and operations for its Electrical Sector business. He brings more than three decades of experience in financial leadership, operational discipline and the electrical products industry.
The planned separation is expected to be completed in the first quarter of calendar 2027, subject to customary conditions, including among other things, final approval by the Flex Board of Directors, the effectiveness of the Form 10 registration statement (Form 10) filed with the U.S. Securities and Exchange Commission (SEC) and Flex shareholder and Singapore High Court approval. Upon completion, Flex and Axiom are expected to operate as independent publicly traded companies.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.
Contacts
Flex Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
[email protected]
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned Spin-Off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the Spin-Off and the ability to complete the Spin-Off; the anticipated benefits of the Spin-Off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the Spin-Off for U.S. federal income tax purposes; the expected future performance of each company following completion of the Spin-Off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed Spin-Off include, but are not limited to: uncertainties as to whether the Spin-Off will be completed and the timing thereof; the possibility that various conditions to the completion of the Spin-Off may not be satisfied or waived; the possibility that the Spin-Off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the Spin-Off may be more difficult, time-consuming, or costly than expected, including the impact on Flex's resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the Spin-Off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the Spin-Off; disruption from the Spin-Off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the Spin-Off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the Spin-Off; uncertainty regarding the financial performance of either company following the Spin-Off; negative effects of the announcement or pendency of the Spin-Off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the Spin-Off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the SEC. All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed Spin-Off, Flex intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off proposal. In addition, a registration statement on Form 10 has been filed with the SEC by Axiom with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and Axiom with the SEC on the SEC's website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex's website at investors.flex.com.
Participants in the Solicitation
Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex's directors and executive officers and their ownership of Flex ordinary shares is contained in Flex's proxy statement for its 2026 annual general meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings "Corporate Governance," "Fiscal Year 2026 Non-Employee Directors' Compensation," "Proposal No. 1: Re-election of Directors," "Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation," "Compensation Discussion and Analysis," "Executive Compensation," "Information about our Executive Officers" and "Security Ownership of Certain Beneficial Owners and Management." To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual general meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.
HAMILTON, Bermuda, Sept. 17, 2026 Flex LNG Ltd (NYSE: FLNG) will be presenting at Pareto Securities' 33rd Annual Energy Conference in Oslo today, September 17th 2026.
EXTON, Pa., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 14, 2026, to shareholders of record on September 30, 2026. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements, which are subject to inherent uncertainties which are difficult to predict and may be beyond the ability of Omega Flex to control. Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are not historical facts, but rather reflect Omega Flex’s current expectations concerning future results and events. The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance, or achievements of Omega Flex (or entities in which Omega Flex has interests) or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s view only as of the date of this press release. Omega Flex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions, or circumstances.
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Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
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VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Flex (FLEX - Free Report) Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions.
FLEX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. FLEX has a Momentum Style Score of B, and shares are up 4.7% over the past four weeks.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.18 to $4.65 per share. FLEX also boasts an average earnings surprise of +7.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, FLEX should be on investors' short list.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Flex (FLEX - Free Report) Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions.
FLEX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 24.13; value investors should take notice.
For fiscal 2027, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.18 to $4.65 per share. FLEX boasts an average earnings surprise of +7.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, FLEX should be on investors' short list.
Key Takeaways Flex's advanced networking business was a significant driver of fourth- and first-quarter results.Advanced networking is benefiting from demand gains and share wins across multiple product segments.Flex expects advanced networking strength to continue into fiscal 2028 alongside AI infrastructure spending.
Flex Ltd. (FLEX - Free Report) is seeing continued strength in its communications business, with advanced networking identified as one of the company’s high-value growth markets. On the last earnings call, management stated that the business is expected to drive growth over a sustained period, supported by pull-through demand from data centers. Communications remain one of the largest businesses within Flex’s post-separation portfolio, with advanced networking spanning high-speed switches, optical switches and network interface cards.
The advanced networking business has contributed to Flex’s recent performance. On the last earnings call, management highlighted that it was a significant driver of the company’s fiscal fourth- and first-quarter results, with its strength expected to continue into the fiscal second quarter and fiscal 2027. The company is seeing increased demand from customers it has worked with for several years, while also winning share in certain product segments. The business has exposure across a number of large original equipment manufacturers and multiple product categories, including high-speed switching, optical products and interface technologies.
Flex also highlighted the diversity of its advanced networking business across both customers and product segments. Management stated this combination of sustained customer demand, customer diversity and product diversity supports the continued strength of the business. The company expects communications to remain an important part of its business following the planned separation of its Cloud and Power Infrastructure segment.
Looking ahead, management expressed confidence in the durability of advanced networking into fiscal 2028, linking the business to continued AI infrastructure spending. As data center demand continues, Flex expects the advanced networking business to continue to ramp alongside that spending. The company’s focus on high-value growth markets is also part of its strategy for the business following the separation.
Overall, Flex’s comments indicate that advanced networking is expected to remain a sustained growth market within its communications business, supported by data center demand and broad exposure across customers and networking technologies.
Taking a Look at FLEX’s CompetitorsSanmina Corporation (SANM - Free Report) continues to benefit from expanding cloud and AI infrastructure demand, supported by its vertically integrated manufacturing model and broader systems capabilities following the ZT Systems acquisition. New accelerated compute programs and deeper customer relationships improve revenue visibility and support growth beyond the current fiscal year. A diversified end-market mix and healthy liquidity provide flexibility to fund capacity and future programs. Favorable business mix and disciplined execution also support earnings growth. Fourth-quarter fiscal 2026 revenues are expected to be in the range of $3.3-$3.6 billion. The company also raised its fiscal 2026 outlook, expecting revenue of $14-$14.3 billion, up from the previous $13.7-$14.3 billion range.
Plexus Corp. (PLXS - Free Report) is benefiting from increasing program ramps. It recorded 31 manufacturing wins totaling $255 million of annualized revenue in the third quarter of fiscal 2026, driven by the Industrial and Aerospace and Defense market sectors. The funnel of qualified manufacturing opportunities is $4.5 billion, indicating a strong growth pipeline. Strategic investments in capacity and emerging areas like data centers strengthen growth prospects. Fiscal fourth-quarter revenues are projected between $1.33 billion and $1.38 billion. At the midpoint, the revenue outlook implies a 4% sequential rise and 28% year-over-year growth. Management now expects fiscal 2026 revenue growth above 20% and adjusted operating margin greater than 6%. Plexus expects fiscal 2027 revenue growth to exceed the 9-12% goal, alongside further margin expansion.
Flex Price Performance, Valuation and EstimatesShares of FLEX have gained 99.2% in the past year compared with the Electronics - Miscellaneous Products industry’s growth of 45%.
Image Source: Zacks Investment Research
FLEX trades at a forward 12-month price-to-earnings (P/E) ratio of 22.05, below the industry’s 29.14.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FLEX’s fiscal 2027 earnings has been revised upward over the past 60 days.
Image Source: Zacks Investment Research
FLEX currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Strategic investment from General Catalyst, Koch Equity Development, and co-investors to support long-term growth at Axiom, Flex's Cloud and Power Infrastructure segment $2.0 billion convertible preferred equity investment is at an initial enterprise value for Axiom of $37.5 billion Flex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027 , /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it has entered into an agreement to sell $2.0 billion of shares of Series A Convertible Preferred Stock of Axiom Solutions International, Inc. (Axiom), Flex's Cloud and Power Infrastructure segment, to funds affiliated with General Catalyst, Koch Equity Development, and co-investors. Through this strategic investment, Axiom will be positioned to further capitalize on the growing AI infrastructure demand as it prepares to operate as an independent company. Pro-forma for the separation, the investment will be solely in Axiom.
"This investment provides equity funding for our recently announced acquisition of EPC Power and will allow Axiom to have a strong balance sheet as we prepare to stand up as an independent, publicly traded company squarely focused on the power, thermal, and compute infrastructure the AI era demands," said Revathi Advaithi, Chief Executive Officer of Flex and expected Chief Executive Officer of Axiom. "General Catalyst brings deep conviction in applied AI and a long track record partnering with companies building category-defining leaders, and we're glad to have them partner with us as Axiom enters its next chapter. This transaction reflects the value we see in Axiom's business today and will translate into lasting value for Flex shareholders as the separation comes together."
"Axiom sits at the center of the power and infrastructure buildout that AI demands, and we've been impressed by the team's execution and the scale of the opportunity ahead," said Hemant Taneja, Chief Executive Officer, General Catalyst. "We look forward to partnering with Axiom for the long term as it becomes an independent company and continues to invest in the technology and capacity this next phase of growth requires."
"AI diffusion requires modern power solutions at scale," said Madhu Namburi, Managing Director, General Catalyst. "Under Revathi's leadership, we believe Axiom will become the defining power company of the AI era."
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.
The Convertible Preferred Stock pays a dividend of 10.0% per annum in cash prior to the separation, stepping down to 6.0% per annum in cash or 7.0% per annum if paid in kind following the separation, subject to increases after the fifth anniversary of the separation and certain other adjustments.
Net proceeds from the investment will be used to fund a portion of the purchase price of Axiom's pending acquisition of EPC Power, to repay any equity bridge or other intermediate financing incurred in connection with the acquisition, to pay dividends on the Convertible Preferred Stock, or for general corporate purposes. Flex separately has secured committed term loan financing for the balance of the EPC Power acquisition.
The investment is expected to close following receipt of customary regulatory approvals and satisfaction of other customary closing conditions.
Flex previously announced its intention to separate its Cloud and Power Infrastructure segment into an independent, publicly traded company, Axiom, which is expected to be completed in the first quarter of calendar 2027, subject to the satisfaction of customary conditions.
Advisors
PJT Partners is serving as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Flex.
Davis Polk & Wardwell LLP is serving as legal counsel to General Catalyst.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.
About General Catalyst
General Catalyst is a global investment and transformation company with venture at its core. We meet the most ambitious founders where they are from seed to growth stage and beyond to drive resilience and applied AI. With offices in San Francisco, New York City, Boston, Berlin, Bangalore, London, and Washington, D.C., we support entrepreneurs with a long-term view who challenge the status quo, and give them access to insanely powerful advantages. General Catalyst has supported the growth of 900+ businesses, including Airbnb, Anduril, Anthropic, Applied Intuition, Commure, Glean, Guild, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, Sword, and Zepto.
Contacts
Flex Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
[email protected]
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the convertible preferred investment in Axiom (the "Investment"), the acquisition of EPC Power Corp. (the "EPC Power Acquisition") planned spin-off of our cloud and power infrastructure segment into an independent, publicly traded company (the "Spin-Off"); the expected timing of the closing of the Investment, EPC Power Acquisition and the Spin-Off and the ability to complete the Investment, the EPC Power Acquisition and the Spin-Off; the anticipated benefits of the EPC Power Acquisition and the Spin-Off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the Spin-Off for U.S. federal income tax purposes; the expected future performance of each of Flex and Axiom following completion of the EPC Power Acquisition and the Spin-Off; the impact of the EPC Power Acquisition on Flex's Cloud and Power Infrastructure segment; the expected sources and structure of financing for the EPC Power Acquisition; management changes and leadership of each of Flex and Axiom; and statements about business strategies, growth opportunities, market position, and financial outlook for each of Flex and Axiom. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the Investment, EPC Power Acquisition and the Spin-Off include, but are not limited to: uncertainties as to whether the Investment, EPC Power Acquisition and the Spin-Off will be completed and the timing thereof; the ability to achieve anticipated ratings of the Convertible Preferred Stock; the possibility that various conditions to the completion of the Investment, EPC Power Acquisition and the Spin-Off may not be satisfied or waived; the possibility that the Spin-Off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the Spin-Off may be more difficult, time-consuming, or costly than expected, including the impact on Flex's resources, systems, procedures, and controls; the possibility that the occurrence of any event or circumstance that could give rise to the right of one or more parties to the that certain Stock Purchase Agreement relating to the EPC Power Acquisition (the "EPC Purchase Agreement") to terminate the EPC Purchase Agreement; potential adverse effects to the businesses of Flex or EPC Power during the pendency of the Investment, the EPC Power Acquisition and the Spin-Off, such as employee departures or distraction of management from business operations; the possibility that the strategic, operational, and financial benefits of the EPC Power Acquisition and the Spin-Off may not be achieved or may take longer to achieve than expected, including as a result of problems arising from the integration of the business of EPC Power; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the Investment, the EPC Power Acquisition and the Spin-Off; disruption from the EPC Power Acquisition and the Spin-Off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the EPC Power Acquisition and the Spin-Off; uncertainty regarding the financial performance of either company following the Spin-Off; negative effects of the announcement or pendency of the spin-off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the Spin-Off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the "SEC"). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed Spin-Off, Flex intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off proposal. In addition, a registration statement on Form 10 (the "Form 10") has been filed with the SEC by Axiom with respect to its common stock on September 15, 2026. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and Axiom with the SEC on the SEC's website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex's website at investors.flex.com.
Participants in the Solicitation
Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex's directors and executive officers and their ownership of Flex ordinary shares is contained in Flex's proxy statement for its 2026 annual general meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings "Corporate Governance," "Fiscal Year 2026 Non-Employee Directors' Compensation," "Proposal No. 1: Re-election of Directors," "Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation," "Compensation Discussion and Analysis," "Executive Compensation," "Information about our Executive Officers" and "Security Ownership of Certain Beneficial Owners and Management." To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual general meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.
General Catalyst just put a stunning price tag on a business most Flex investors barely noticed, and the stock's muted reaction suggests Wall Street has not yet figured out what that number actually means for shareholders.
A business most investors know only as a line item inside a contract manufacturer now has an outside price. On October 5, 2026, Flex (NASDAQ:FLEX | FLEX Price Prediction) said investors led by General Catalyst, with Koch Equity Development, will put $2.0 billion of convertible preferred stock into Axiom, its planned data center spin-off.
Axiom’s enterprise value is $37.5 billion, according to Flex. It was negotiated privately for a minority stake, the first outside mark on a business embedded inside a low-multiple manufacturer.
Flex’s market capitalization was $43,131,494,280 on October 6, 2026.
Flex rose 0.13% on October 5 to $116.76, up 108.02% over the past year. The question is whether that run already priced Axiom in.
Power and Cooling Now Limit AI Buildouts
Axiom makes the power systems, liquid cooling and integrated computing hardware that AI data centers physically need. Chief executive Revathi Advaithi described the problem on the July 29, 2026 earnings call: “As AI scales, the constraint is no longer just the chip. It’s everything around the chip.”
Flex said the segment generated $6.6 billion in revenue for the fiscal year ended in March and $2.2 billion last quarter, up 35%. It forecasts 65% to 75% growth for the current fiscal year, the kind of pull-through that is lifting a whole roster of suppliers behind the AI expansion (we covered seven of them, from power to cooling, in a free report you can grab here).
How the Axiom Deal Is Structured
General Catalyst leads the round, with Koch Equity Development as a strategic co-investor. Flex expects to complete the tax-free separation in the first quarter of 2027.
Tax-free means Flex holders receive Axiom shares without paying tax, with cost basis split between the two holdings. Flex’s filings warn the spin-off “may not be completed on anticipated timeline or at all.”
Preferred Investors Get Paid Before You
Flex said the proceeds help fund Axiom’s $4.4 billion acquisition of EPC Power. Preferred stock is a class of shares that pays a set dividend and ranks ahead of common stock. Seniority means its holders collect before common shareholders do.
Flex said the preferred pays a 10% dividend before the separation and then converts into Axiom shares. Existing holders bear that cost in exchange for a reliable outside valuation and a deal that Revathi Advaithi said “will allow Axiom to have a strong balance sheet.”
General Catalyst’s Hemant Taneja said “Axiom sits at the center of the power and infrastructure buildout that AI demands,” but his firm benefits from a high valuation. Growth depends on a few hyperscalers whose capital spending can shift in a single quarter.
The remaining business makes lower margins. Last quarter, Flex’s other segments posted adjusted operating margins of 5.2% and 6.6%, versus 9.7% for the cloud and power unit.
What the Axiom Mark Means for FLEX Stock
Outside investors valued one piece of Flex near the company’s full market value, yet shares trade at 24x forward earnings and sit below the 52-week high of $166.86. The flat reaction to a fresh outside mark suggests the market has yet to fully price the separation.
The stock is up 93.25% year to date. Flex holders gain exposure to Axiom through the spin, and the cost is dilution from the preferred.
The test comes at the November 10, 2026 Investor Day. If Axiom’s standalone margin targets show no path toward peer levels, or the stock closes below its 200-day moving average of $99.61, this call is wrong.
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Contact [email protected] for any questions or corrections.
AUSTIN, Texas, Oct. 7, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its second quarter fiscal year 2027 financial results before the market opens on Wednesday, October 28, 2026. The company will hold a conference call to discuss the results that day at 7:30 AM CT / 8:30 AM ET.
Integrated solutions combine power, compute and cooling to speed deployment by up to 50%
News summary
Introduces AI Modules that integrate power, compute and cooling in prefabricated modular solutions to accelerate AI factory deployment by up to 50% Enables faster deployment of next-generation AI infrastructure through factory-built, integrated systems Strengthens Flex's Cloud and Power Infrastructure portfolio, which Flex plans to separate into Axiom Solutions International, Inc. (Axiom), in the first quarter of calendar 2027 , /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced an expanded portfolio of prefabricated modular data center solutions designed to accelerate deployment of next-generation AI factories. The portfolio includes new AI Modules that integrate power, high-density compute and advanced liquid cooling into pre-engineered, factory-built systems, enabling customers to reduce deployment timelines by up to 50% compared with traditional construction approaches.
Axiom AI modules integrate power, compute and cooling in prefabricated modular solutions to accelerate AI factory deployment by up to 50%. The expanded portfolio is part of Flex's Cloud and Power Infrastructure (CPI) segment, which Flex plans to separate into Axiom, an independent publicly traded company, in the first quarter of calendar 2027.
"Meeting the demands of AI infrastructure at scale requires more than incremental improvements. It requires rethinking how power, compute and cooling work together as a system," said Chris Butler, expected Chief Technology and Strategy Officer at Axiom. "Our system-level approach brings these critical technologies together with advanced manufacturing to simplify integration, accelerate deployment and deliver AI factories at scale."
As AI infrastructure grows in scale and power density, data center operators face increasing complexity across power delivery, cooling, compute integration and deployment. Addressing these challenges requires a more integrated approach to designing and deploying the critical infrastructure that supports next-generation AI factories.
The Axiom AI Modules integrate critical AI infrastructure into pre-engineered, factory-built systems, including:
800 VDC Power Rack: Delivers high-efficiency power conversion and distribution for next-generation 800 VDC AI infrastructure and high-density compute. Advanced cooling distribution units (CDUs): Provide liquid cooling to efficiently manage the increasing heat generated by power-intensive AI workloads. High-density IT racks: Integrate AI servers, networking and high-speed interconnects to support next-generation AI compute at scale. By shifting complex infrastructure integration from the data center site to a controlled factory environment, the Axiom AI Modules are assembled, integrated and tested in parallel with site development. This approach reduces on-site complexity and helps customers bring AI capacity online faster.
Flex is actively building prefabricated modular solutions for hyperscalers across its global footprint, including more than three million square feet of dedicated data center infrastructure manufacturing capacity in the U.S. With deep expertise across power, compute, cooling and systems integration, Flex has the scale and capabilities to support rapid AI infrastructure deployment across regions.
To learn more about the Axiom AI Modules, visit: https://flex.com/resources/accelerate-ai-factory-deployment-with-axiom-ai-modules
Media contacts
Media & Press
[email protected]
Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
[email protected]
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex Ltd.'s ("Flex") resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the "SEC"). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It In connection with the proposed spin-off, Flex has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026. The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals. In addition, a registration statement on Form 10 (the "Form 10") has been filed with the SEC by Axiom Solutions International, Inc. ("Axiom") with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that have been or will be filed by each of Flex and Axiom with the SEC on the SEC's website at http://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents filed by Flex with the SEC from the investor relations page on Flex's website at investors.flex.com.
Hyperscaler artificial intelligence (AI) expansion is colliding with significant data center construction constraints, positioning prefabricated power infrastructure as a critical part of the compute supply chain. Traditional facility build-outs are stalling against power grid limitations, permitting hurdles, and on-site integration friction.
By launching integrated modular AI racks ahead of a planned 2027 spin-off, Flex NASDAQ: FLEX is engineering a sum-of-the-parts valuation arbitrage. The market currently prices the enterprise under a legacy contract manufacturing discount, meaning investors accumulating equity now are positioned to capture the pure-play AI infrastructure multiples that apply once the high-margin assets separate.
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Bypassing Gridlock With Prefab PowerBuilding an AI data center is fundamentally different from building traditional cloud facilities. Standard data center racks have historically consumed roughly 10-15 kilowatts of power. AI infrastructure, driven by next-generation graphics processing units, pushes rack densities from about 40 to over 100 kilowatts. Air cooling cannot manage the thermal output at these levels, making advanced liquid cooling mandatory. Integrating liquid cooling, power conversion, and compute hardware on a construction site introduces logistical delays.
Flex announced an expanded portfolio of prefabricated modular data center solutions on Monday, Oct. 12, to address these challenges. The new product line features Axiom AI Modules, which integrate 800-volt direct current power racks, high-density compute infrastructure, and advanced cooling distribution units. Instead of shipping discrete components to a facility for on-site assembly, Flex builds and tests these integrated systems in a controlled factory environment.
According to Flex, this modular, factory-built approach can reduce deployment timelines by up to 50% compared with traditional construction methods. While site developers pour concrete and install high-voltage utility lines, Flex can manufacture and test the compute and cooling infrastructure in parallel. Delivering fully integrated systems addresses a major deployment challenge for hyperscalers racing to bring capacity online.
Constructing Multiples: Separating Legacy From InfrastructureThe modular product launch adds to the growth opportunity behind a major corporate restructuring. In the first quarter of calendar 2027, Flex plans to spin off its cloud and power infrastructure segment as an independent, publicly traded entity named Axiom Solutions International. This separation isolates the high-margin data center hardware from the legacy electronic manufacturing services business.
The valuation disconnect here is central to the investment thesis. Historically, electronic manufacturing services businesses trade at forward price-to-earnings multiples of 18x to 25x because of the cyclical nature of consumer electronics and tight operating margins. Pure-play AI power and cooling infrastructure equities routinely command forward multiples between 30x and 45x, supported by highly visible, multi-year capital expenditure cycles from top-tier technology firms.
Flex currently trades at a forward price-to-earnings ratio near 27, with an aggregate market capitalization of roughly $43 billion. The recently announced preferred investment in Axiom establishes an initial enterprise valuation of $37.5 billion for the planned standalone company. That figure provides a reference point for investors, but it is not a guaranteed public-market valuation.
If the market prices Axiom at $37.5 billion, it values the legacy manufacturing business at just over $6.3 billion. The legacy business still generates the vast majority of Flex's historical top-line revenue. Blending these two distinct business models restricts multiple expansion, but the pending spin-off forces the market to re-rate the data center assets to infrastructure multiples.
Mergers, Capital, and the Standalone StubPreparing a multibillion-dollar infrastructure segment for independence requires significant balance sheet engineering. The planned acquisition of EPC Power for approximately $4.4 billion directly serves this transition. EPC Power brings critical grid-scale inverter and 800-volt power-conversion intellectual property in-house. This technology dictates how utility-grade power is stepped down and distributed to the high-density AI racks, giving Axiom control over the entire power delivery lifecycle.
To establish a standalone capital structure, Flex announced an agreement for a $2 billion convertible preferred investment from entities including General Catalyst and Koch Equity Development. The agreement establishes an initial $37.5 billion enterprise valuation for Axiom, with conversion terms tied to that valuation. The financing is expected to help fund the EPC Power acquisition and strengthen Axiom's capital position ahead of the separation.
Investors need to evaluate the downside risks tied to this structure. Flex holds a guaranteed buyback obligation on those preferred shares if the separation fails to materialize by the Dec. 31, 2027 deadline. Market analysts also need to evaluate the earning power of the remaining manufacturing stub. Backing out the infrastructure segment, the legacy contract manufacturing business generated approximately 93 cents per share in fiscal year 2026. Today's buyers are betting that the combined value of Axiom shares and the legacy stub will exceed the current blended equity price.
Topping Out: Positioning Ahead of the Record DateInstitutional positioning is another factor investors may monitor ahead of the corporate action. Entities like Veracity Capital LLC and Insight Wealth Strategies LLC have initiated new positions. These allocations follow earlier positioning by hedge funds such as Third Point and Soros Capital Management, indicating that institutional capital is rotating into the AI power infrastructure thesis.
Flex MarketRank™ Stock Analysis4.89836854774 of 5 stars
98th Percentile
Moderate Buy
36.7% Upside
Healthy
N/A
0.43 Selling Shares
44.03%
See Full Analysis
Insider activity shows a net selling trend over the past quarter. While insider selling can signal caution, it is a standard liquidity event following an appreciation of about 109% over the trailing 12 months. Executives frequently diversify portfolios after prolonged technical runs.
Market mechanics also indicate steady fundamental trading rather than speculative fervor. Short interest sits at roughly 2.4% of the float, representing around 8.9 million shares. With a days-to-cover ratio of roughly 2.5, the probability of a pre-spin short squeeze is nearly nonexistent. Flex's trajectory depends entirely on earnings execution and progress toward the 2027 separation.
Investors looking for exposure to the data center build-out may want to add Flex to their watchlist as the spin-off date approaches. The rollout of modular AI infrastructure strengthens the commercial offering of the business that is expected to become Axiom, although its standalone operating performance remains to be demonstrated. Cautious investors may prefer to wait for the company's fiscal second-quarter 2027 earnings report, scheduled for Wednesday, Oct. 28, to assess whether the core manufacturing segment can maintain stable cash flow ahead of the separation.
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Acquisition strengthens Flex's Cloud and Power Infrastructure portfolio with differentiated grid-forming and power conversion technology
, /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that it has completed its acquisition of EPC Power, a leading provider of intelligent power conversion solutions for data center and grid applications.
EPC Power is now part of Flex's Cloud and Power Infrastructure segment, expanding the company's capabilities across power, cooling and compute to address growing demand for higher-density AI infrastructure and next-generation 800V data center power architectures.
"We are pleased to welcome the EPC Power team to Flex," said Revathi Advaithi, Chief Executive Officer of Flex. "EPC Power adds differentiated power conversion and grid-forming technology to our capabilities across power, cooling and compute. Together, we can help customers address the growing power demands of AI infrastructure with more efficient, resilient and integrated solutions."
EPC Power combines proprietary hardware, software and controls with U.S.-based engineering and manufacturing. With more than 15 GW deployed, its technology supports grid stabilization and backup power, and its platform is engineered to support next generation 800V data center power architectures.
Flex plans to separate its Cloud and Power Infrastructure segment into an independent publicly traded company, Axiom Solutions International, Inc., in the first calendar quarter of 2027.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.
Contacts
Flex Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
[email protected]
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex Ltd.'s ("Flex") resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the "SEC"). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed spin-off, Flex has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026. The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals. In addition, a registration statement on Form 10 (the "Form 10") has been filed with the SEC by Axiom Solutions International, Inc. ("Axiom") with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that have been or will be filed by each of Flex and Axiom with the SEC on the SEC's website at http://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents filed by Flex with the SEC from the investor relations page on Flex's website at investors.flex.com.
SteelPeak Wealth LLC purchased a new stake in shares of Flex Ltd. (NASDAQ: FLEX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,357 shares of the technology company's stock, valued at approximately $1,359,000. Several other institutional investors have also modified their holdings of FLEX. MassMutual
