Financing ·
Flex Ltd. announces $2.0 billion convertible preferred investment into Axiom ahead of spin-off
FLEXFlex Ltd.
Investors led by General Catalyst agreed to purchase $2.0 billion of Series A Convertible Preferred Stock in Axiom Solutions International, Inc., a wholly owned subsidiary of Flex Ltd. The capital supports the pending acquisition of EPC Power Corp and positions Axiom for its planned separation into an independent public company expected in Q1 2027. The preferred shares carry a 10% annual cash dividend prior to separation and include redemption protections guaranteed by Flex if the spin-off does not close by December 31, 2027. Flex Ltd. is a global manufacturing partner providing advanced electronics design, build, and supply chain solutions.