Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 7

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 7
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Court (the “Cayman Court”) granted on April 29, 2025 (the “Cayman Court Order”). If the shareholders as of the Voting Record Time approve the Scheme of Arrangement Proposal and the other conditions to the Scheme of
Arrangement have been satisfied or waived, we will seek the Cayman Court’s sanction of the Scheme of Arrangement. Sanction of the Cayman Court must be obtained as a condition to the Scheme of Arrangement becoming effective. We expect the
sanction hearing to be held at the Law Courts, George Town, Grand Cayman at 7:30 a.m. (Pacific Time) on June 25, 2025 (the “Sanction Hearing”), further details of which will be advertised by Penguin Solutions Cayman in The Wall
Street Journal and a Cayman Islands newspaper in accordance with the Cayman Court Order. Shareholders as at the Voting Record Time who voted at the Scheme Meeting or gave instructions to their broker or nominee to vote at the Scheme Meeting (as
applicable) have the right to attend the Sanction Hearing and to appear in person or be represented by counsel to support or oppose the sanction of the Scheme of Arrangement. If you are a shareholder who wishes to appear in person or by counsel at
the Sanction Hearing and present evidence or arguments in support of or opposition to the Scheme of Arrangement, we expect that the Cayman Court will require that you give notice of your intention to do so to Penguin Solutions Cayman’s Cayman
Islands legal advisers, Walkers (Cayman) LLP, at 190 Elgin Avenue, George Town, Grand Cayman KY19001, Cayman Islands, at least three days before the Sanction Hearing. Penguin Solutions Cayman will not object to the participation in the Sanction
Hearing by any person who holds shares through a broker or any other person with a legitimate interest in the proceedings and all such persons will have a right to participate.

The accompanying proxy statement and proxy card are first being sent on or about May 2, 2025 to the Penguin Solutions Cayman shareholders and
contain additional information on how to attend the Scheme Meeting and vote any Penguin Solutions Cayman shares you own in person (including via live webcast) or by proxy at the Scheme Meeting.

If you hold Penguin Solutions Cayman ordinary shares in “street name”, you may not attend the Scheme Meeting or vote your Penguin Solutions Cayman ordinary shares at the Scheme Meeting unless you obtain an “instrument of proxy