# EDGAR Filing Document

**Accession Number:** 0001852131
**File Stem:** 0001193125-23-028861
**Filing Date:** 2023-2
**Character Count:** 18520
**Document Hash:** 222e3c5eef49edfea4775b9d913651ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-028861.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001193125-23-028861

**CONFORMED SUBMISSION TYPE**: S-1MEF

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nextracker Inc.
- **CENTRAL INDEX KEY:** 0001852131
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** S-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269651
- **FILM NUMBER:** 23600838

**BUSINESS ADDRESS:**
- **STREET 1:** 6200 PASEO PADRE PARKWAY
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94555
- **BUSINESS PHONE:** 510-270-2500

**MAIL ADDRESS:**
- **STREET 1:** 6200 PASEO PADRE PARKWAY
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94555

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nextracker LLC
- **DATE OF NAME CHANGE:** 20220215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nextracker Inc.
- **DATE OF NAME CHANGE:** 20210318

**As filed with the Securities and Exchange Commission on February 8, 2023** 

**Registration Number 333-** 

------

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

------

**FORM S-1** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

------

## Nextracker Inc.
**(Exact name of registrant as specified in its charter)** 

------

---

| | | |
|:---|:---|:---|
| **Delaware** | **3990** | **36-5047383** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**6200 Paseo Padre Parkway** 

**Fremont, California 94555** 

**(510) 270-2500** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

------

**Léah Schlesinger, Esq.** 

**General Counsel** 

**Nextracker Inc.** 

**6200 Paseo Padre Parkway** 

**Fremont, California 94555** 

**(510) 270-2500**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

------

***With copies to:***

---

| | |
|:---|:---|
| **Sharon R. Flanagan, Esq.**<br> **Samir A. Gandhi, Esq.**<br> **Lindsey A. Smith, Esq.**<br> **Helen Theung, Esq.**<br> **Sidley Austin LLP**<br> **1001 Page Mill Road, Building 1**<br> **Palo Alto, California 94304**<br> **(650) 565-7000** | **Robert G. Day, Esq.**<br> **Melissa S. Rick, Esq.**<br> **Wilson Sonsini Goodrich & Rosati,**<br> **Professional Corporation**<br> **650 Page Mill Road**<br> **Palo Alto, California 94303**<br> **(650) 493-9300** |

---

------

**Approximate date of commencement of proposed sale to the public**: As soon as practicable after this Registration Statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ **333-269238**

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by checkmark if the registrant has not elected to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE AND INCORPORATION BY REFERENCE** 

Pursuant to Rule 462(b) under the Securities Act of 1933, as amended ("Securities Act"), Nextracker Inc. ("Registrant") is filing this Registration Statement on Form S-1 (this "Registration Statement") with the Securities and Exchange Commission ("Commission"). This Registration Statement relates to the public offering of securities contemplated by the Registration Statement on Form S-1, as amended (File No. 333-269238) (the "Prior Registration Statement"), which the Registrant originally filed with the Commission on January 13, 2023, and which the Commission declared effective on February 8, 2023.

The Registrant is filing this Registration Statement for the sole purpose of increasing the aggregate number of shares of common stock, par value $0.0001 per share, offered by the Registrant by 3,845,814 shares, 501,628 of which are subject to purchase by the underwriters upon exercise of the underwriters' option to purchase additional shares of the Registrant's common stock. The additional shares that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in Exhibit 107 to the Prior Registration Statement. The information set forth in the Prior Registration Statement, including all amendments and exhibits thereto, are incorporated by reference herein.

The required opinion and consents are listed on the Exhibit Index attached hereto and filed herewith.

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **Exhibit<br>number** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Opinion of Sidley Austin LLP](d388154dex51.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.1\* | [Consent of Deloitte & Touche LLP, independent registered public accounting firm.](d388154dex231.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.2\* | [Consent of Deloitte & Touche LLP, independent registered public accounting firm.](d388154dex232.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.3\* | [Consent of Sidley Austin LLP (included in Exhibit 5.1)](d388154dex51.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;24.1† | [Power of Attorney](http://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910ds1.htm#sig) |
| 107 | [Filing Fee Table](d388154dexfilingfees.htm) |

---

------

\* Filed herewith.

† Incorporated by reference to the Registrant's Registration Statement on Form S-1 (File No. 333-269238).

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Fremont, California, on the 8th day of February, 2023.

---

| | |
|:---|:---|
| **Nextracker Inc.** | **Nextracker Inc.** |
| By: | /s/ Daniel Shugar |
|  | Daniel Shugar |
|  | Chief Executive Officer<br> (Principal Executive Officer) |

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Daniel Shugar<br> Daniel Shugar | Chief Executive Officer; Director<br> (Principal Executive Officer) | February 8, 2023 |
| /s/ David Bennett<br> David Bennett | Chief Financial Officer and<br> (Principal Financial Officer and Principal Accounting Officer) | February 8, 2023 |
| \*<br> Christian Bauwens | Director | February 8, 2023 |
| \*<br> Charles Boynton | Director | February 8, 2023 |
| \*<br> Jonathan Coslet | Director | February 8, 2023 |
| \*<br> Paul Lundstrom | Director | February 8, 2023 |
| \*<br> Steven Mandel | Director | February 8, 2023 |
| \*<br> Scott Offer | Director | February 8, 2023 |
| \*<br> Willy Shih | Director | February 8, 2023 |
| \*<br> Rebecca Sidelinger | Director | February 8, 2023 |
| \*<br> William D. Watkins |  |  |

---

------

---

| | |
|:---|:---|
| \*By: | /s/ Daniel Shugar |
|  | Daniel Shugar<br> Attorney-in-Fact |

---

## Exhibit 5.1

**Exhibit 5.1** 

---

| | |
|:---|:---|
| ![LOGO](g388154g0208123933951.jpg) | SIDLEY AUSTIN LLP<br> 787 SEVENTH AVENUE<br> NEW YORK, NY 10019<br> +1 212 839 5300<br> +1 212 839 5599 FAX<br>AMERICA • ASIA PACIFIC • EUROPE |

---

February 8, 2023

Nextracker Inc.

6200 Paseo Padre Parkway

Fremont, California 94555

---

| | |
|:---|:---|
| Re: | <u>3,845,814 Shares of Class</u> <u>A Common Stock, $0.0001 par value per share</u>  |

---

Ladies and Gentlemen:

We refer to the Registration Statement on Form S-1, File No. 333-269238, filed by Nextracker Inc., a Delaware corporation (the "<u>Company</u>"), with the Securities and Exchange Commission (the "<u>SEC</u>") on the date hereof pursuant to Rule 462(b) (the "<u>Additional Registration Statement</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), The Additional Registration Statement relates to the registration under the Securities Act of 3,845,814 shares (including an aggregate of 501,628 shares that may be sold by the Company pursuant to the exercise of the underwriters' option to purchase shares to cover overallotments under the Underwriting Agreement (as defined below)) of Class A Common Stock, $0.0001 par value per share (the "<u>Additional Shares</u>"), of the Company. The Additional Registration Statement incorporates by reference the Registration Statement on Form S-1, File No. 333-269238, filed by the Company with the SEC under the Securities Act, as amended by Amended No .1 filed with the SEC on January 24, 2023, Amendment No. 2 filed with the SEC on February 1, 2023, and Amendment No. 3 filed with the SEC on February 6, 2023 (as so amended, the "Original Registration Statement"). This opinion letter is in addition to our opinion letter that was filed as Exhibit 5.1 to the Original Registration Statement. The Additional Shares are to be sold by the Company pursuant to an underwriting agreement among the Company and the Underwriters named therein, the form of which has been filed as Exhibit 1.1 to the Original Registration Statement (the "<u>Underwriting Agreement</u>").

This opinion letter is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.

We have examined (i) the Original Registration Statement; (ii) the form of the Amended and Restated Certificate of Incorporation (the "<u>Certificate of Incorporation</u>") of the Company to be filed with the Secretary of State of the State of Delaware prior to the closing of the sale of the shares contemplated by the Original Registration Statement and the Additional Shares contemplated by the Additional Registration Statement, filed as Exhibit 3.1 to the Original Registration Statement; (iii) the form of the Amended and Restated Bylaws of the Company to be effective prior to the closing of the sale of the shares contemplated by the Original Registration Statement and the Additional Shares contemplated by the Additional

------

Nextracker Inc.

February 8, 2023

Registration Statement, filed as Exhibit 3.2 to the Original Registration Statement; (iv) the form of the Underwriting Agreement; (v) the Additional Registration Statement, and (vi) the resolutions adopted by the board of directors of the Company (the "<u>Board</u>") relating to the Original Registration Statement, the issuance of shares by the Company, the Additional Registration Statement, and the issuance of Additional Shares by the Company. We have also examined originals, or copies of originals certified to our satisfaction, of such agreements, documents, certificates and statements of the Company and other corporate documents and instruments, and have examined such questions of law, as we have considered relevant and necessary as a basis for this opinion letter. We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures, the legal capacity of all persons and the conformity with the original documents of any copies thereof submitted to us for examination. As to facts relevant to the opinions expressed herein, we have relied without independent investigation or verification upon, and assumed the accuracy and completeness of certificates, letters and oral and written statements and representations of public officials and officers and other representatives of the Company. We have also assumed that the Certificate of Incorporation will be duly filed with the Secretary of State of the State of Delaware prior to the closing of the sale of the Additional Shares.

Based on the foregoing, we are of the opinion that the Additional Shares will be validly issued, fully paid and non-assessable when the certificates representing the Additional Shares shall have been duly executed, countersigned and registered and duly delivered to the purchasers thereof against payment of the agreed consideration therefor in an amount not less than the par value thereof or, if any Additional Shares are to be issued in uncertificated form, the Company's books shall reflect the issuance of such Additional Shares to the purchasers thereof against payment of the agreed consideration therefor in an amount not less than the par value thereof, all in accordance with the Underwriting Agreement as executed and delivered by the parties thereto.

This opinion letter is limited to the General Corporation Law of the State of Delaware. We express no opinion as to the laws, rules or regulations of any other jurisdiction, including, without limitation, the federal laws of the United States of America or any state securities or blue sky laws.

We hereby consent to the filing of this opinion letter as an Exhibit to the Additional Registration Statement and to all references to our firm included in or made a part of the Additional Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

---

| |
|:---|
| Very truly yours, |
| /s/ Sidley Austin LLP |

---

## Exhibit 23.1

**Exhibit 23.1** 

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in this Registration Statement on Form S-1 of our report dated September 22, 2022 (February 1, 2023 as to the effects of the reverse unit split described in Note 12), relating to the combined financial statements of the operations of Nextracker, appearing in Registration Statement No. 333-269238 on Form S-1 of Nextracker Inc. We also consent to the reference to us under the heading "Experts" in Registration Statement No. 333-269238 on Form S-1.

/s/ DELOITTE & TOUCHE LLP

San Jose, California

February 8, 2023

## Exhibit 23.2

**Exhibit 23.2** 

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in this Registration Statement on Form S-1 of our report dated January 13, 2023, relating to the financial statement of Nextracker Inc., appearing in Registration Statement No. 333-269238 on Form S-1 of Nextracker Inc. We also consent to the reference to us under the heading "Experts" in Registration Statement No. 333-269238 on Form S-1.

/s/ DELOITTE & TOUCHE LLP

San Jose, California

February 8, 2023

## Ex-Filing

**EXHIBIT 107** 

**Calculation of Filing Fee Table** 

**Form S-1** 

**Registration Statement Under the Securities Act of 1933** 

(Form Type)

**Nextracker Inc.** 

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1—Newly Registered Securities</u> 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Security Type | Security<br> Class<br> Title(2) | Fee<br>Calculation<br>Rule | Amount to be<br>Registered(1) | Proposed<br> Maximum<br> Offering<br> Price Per<br> Share(2) | Maximum<br> Aggregate<br> Offering<br> Price(2) | Fee<br> Rate | Amount of<br>Registration<br>Fee(2)(3) |
| &nbsp;&nbsp;&nbsp; Equity | Class A Common Stock, par value $0.0001 | Rule 457(a) | 3845814 | $24.00 | $92299536.00 | 0.0001102 | $10172 |
| &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts |  | $92299536.00 |  | $10172 |
| &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due |  |  |  | $10172 |

---

(1) Includes the offering price of shares of Class A common stock that may be purchased by the underwriters
upon the exercise of their option to purchase additional shares, if any. Does not include shares of common stock that the Registrant previously registered on Registration Statement on Form S-1 (File No. 333-269238), as amended (the "Registration Statement").

(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a) under the
Securities Act of 1933, as amended (the "Securities Act")

(3) The Registrant previously registered 26,744,186 shares of its common stock on the Registration Statement, which
was declared effective by the Securities and Exchange Commission on February 8, 2023, for which the registrant previously paid a filing fee of $67,786. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities
having the proposed maximum aggregate offering price of $92,299,536 is hereby registered.