Flex Names Spinoff as Axiom Solutions, Files Registration for NASDAQ Listing
Flex (FLEX) announced that it has named its planned spinoff of cloud and power infrastructure business as Axiom Solutions International. The company filed a preliminary Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC), indicating plans to list the new entity on NASDAQ under the ticker symbol AXM. The move reflects Flex's strategy to separate its core manufacturing services from its cloud infrastructure business, which is expected to operate independently as Axiom Solutions International. The spinoff aims to unlock value for shareholders by focusing each company’s operations and growth strategies more clearly.
Tickers: $FLEX
Topics: cloud infrastructure SEC filing spinoff