Company: PENG
Filing Date: 2025-06-30
Form Type: 8-K12B
Source: 0001193125-25-152807
Chunk: 1

Company: Penguin Solutions, Inc.
Filing Date: 2025-06-30
Form: 8-K12B
Chunk 1
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 emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Introductory Note Completion of Redomiciliation On June 30, 2025, as part of the previously announced plan to change the corporate domicile of the publicly traded parent company of the Penguin Solutions group of companies from the Cayman Islands to the United States (the “ Redomiciliation Transaction”), Penguin Solutions, Inc., a Delaware corporation (“ Penguin Solutions Delaware”) became the ultimate parent company of the Penguin Solutions group of companies pursuant to a court-sanctionedscheme of arrangement under Cayman Islands law (the “ Scheme of Arrangement”). Pursuant to the Scheme of Arrangement, each ordinary share of Penguin Solutions, Inc., a Cayman Islands exempted company (“ Penguin Solutions Cayman”) and each convertible preferred share of Penguin Solutions Cayman was exchanged for one share of common stock, par value $0.03 per share, of Penguin Solutions Delaware (“ Penguin Solutions Delaware common stock”) and one share of convertible preferred stock, par value $0.03 per share, of Penguin Solutions Delaware ( “Issued Convertible Preferred Stock”), respectively. After the close of market trading on June 30, 2025, the Scheme of Arrangement was consummated and became binding on all shareholders of Penguin Solutions Cayman, and Penguin Solutions Cayman became a wholly-owned subsidiary of Penguin Solutions Delaware, thereby completing the Redomiciliation Transaction. The issuance of shares of Penguin Solutions Delaware capital stock pursuant to the Scheme of Arrangement was exempt from registration under Section 3(a)(10) of the Securities Act of 1933, as amended (the “ Securities Act”). Please refer to the definitive proxy statement (the “ Redomiciliation Proxy Statement”) on Schedule 14A of Penguin Solutions Cayman filed on May 2, 2025 with the U.S. Securities and Exchange Commission (the “ SEC”) for additional information about the Redomiciliation Transaction. Prior to the Redomiciliation Transaction, Penguin Solutions Cayman’s ordinary shares were registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), and listed on the Nasdaq Global Select Market (“ Nasdaq”). Penguin Solutions Cayman’s ordinary shares will be suspended from trading on and delisted from Nasdaq prior to the start of trading on July 1, 2025. Penguin Solutions Cay