Flex Ltd. filed a Form 8-K on November 10, 2026, disclosing plans to separate its Cloud and Power Infrastructure segment into a new, independent publicly traded company named Axiom Solutions International, Inc. The filing states that Flex intends to present information regarding this planned spin-off at an Innovation Day event scheduled for November 10, 2026, at the Company’s headquarters in Austin, Texas. The presentation is intended for invited institutional investors and financial analysts, with live webcasts and materials available on the Company’s Investor Relations website.
The filing notes that the spin-off is contingent upon the completion of a preferred investment transaction. According to the disclosure, GC Venture XIII, L.P. and other investors have agreed to purchase 200,000 shares of Axiom’s Series A Convertible Preferred Stock in a private placement. The spin-off is expected to be completed in the first quarter of calendar 2027, subject to the satisfaction of various conditions and the receipt of necessary regulatory approvals.
The filing includes two exhibits: an investor presentation for Flex dated November 10, 2026, and an investor presentation for Axiom Solutions International, Inc. dated November 10, 2026. The documents outline the strategic rationale for the separation, aiming to establish two focused companies with distinct growth strategies and aligned capital deployment priorities.
