Filing excerpt
Pursuant to the Warrant Amendment, Section 8(iii) of the Existing Warrant is amended in connection with the Company’s planned separation of its cloud and power infrastructure business into a new publicly traded company, Axiom Solutions International, Inc. (“Spinco”) and the pro rata distribution of between approximately 88.0% and 94.0% of the outstanding shares of Spinco common stock to Flex shareholders (the “Distribution”).