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Flex Inks Agreement To Sell $2B Shares Of Its Class A Convertible Preferred Stock Of Axiom Solutions International To Funds Affiliated With General Catalyst, Koch Equity Development, Co-Investors

Benzinga · 5d ago

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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.

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