Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 5

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 5
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 holders of Penguin Solutions Cayman shares and such holders should follow any separate instructions that are provided by their applicable broker or nominee. You should contact your broker or nominee directly for more information on these procedures. If you have any questions about the Scheme Meeting or require assistance, please call MacKenzie Partners, Inc. (“ MacKenzie”), our proxy solicitor, at +1 (800) 322-2885 (toll-freewithin the United States) or at +1 (212) 929-5500(outside the United States). On behalf of the Penguin Solutions Cayman Board, thank you for your continued support.

| Sincerely,              |
| Mark Adams              |
| Chief Executive Officer |

Neither the SEC nor any state securities commission has approved or disapproved of the securities to be issued in the contemplated scheme of arrangement or determined if the accompanying proxy statement is truthful or complete. Any representation to the contrary is a criminal offense.

The accompanying proxy statement related to the Penguin Solutions Cayman shares is dated , 2025 and is first being
mailed to Penguin Solutions Cayman’s shareholders on or about , 2025.

SUMMARY OF NOTICE OF THE SPECIAL SCHEME MEETING OF THE HOLDERS OF PENGUIN SOLUTIONS, INC. ORDINARY SHARES AND CONVERTIBLE PREFERRED SHARES TO BE HELD ON , 2025 To the holders of ordinary shares and convertible preferred shares (“ shareholders”) of Penguin Solutions, Inc. (“ Penguin Solutions Cayman”): On , 2025, Penguin Solutions Cayman will hold a special scheme meeting (the “ Scheme Meeting”) of the Penguin Solutions Cayman shareholders, which will commence at a.m. (Pacific Time), in order to approve a proposal for a scheme of arrangement pursuant to Section 86 of the Cayman Islands Companies Act (2025 Revision), as amended, modified or re-enactedfrom time to time (the “ Cayman Companies Act”). We will hold the Scheme Meeting at the offices of Latham & Watkins LLP, located at 140 Scott Drive, Menlo Park, California, 94025 and will broadcast the Scheme Meeting via live webcast. Registered shareholders as of p.m. (Pacific Time) on , 2025 (the “ Voting Record Time”) will be entitled to attend and vote at the Scheme Meeting. In order to participate in the Scheme Meeting online, go to www.virtualshareholdermeeting.com/PENG2025SM. Registered shareholders must use the control number found on their proxy card sent in respect of the Scheme Meeting. If