Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 37

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 37
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enguin Solutions Cayman has set p.m. (Pacific Time) on , 2025 as Voting Record Time for the Scheme
Meeting. This means that only those persons who were holders of Penguin Solutions Cayman ordinary shares and Penguin Solutions Cayman convertible preferred shares at p.m. (Pacific Time) on , 2025 will be entitled
to attend and vote at the Scheme Meeting and any adjournments thereof.

Quorum

A quorum is required for the transaction of business at the Scheme Meeting. The quorum necessary at the Scheme Meeting to approve a matter
pertaining to the modification of rights of shareholders will be one or more shareholders as at the Voting Record Time, present (including via live webcast) and voting in person (or represented by proxy) at the Scheme Meeting.

Votes of Shareholders Required for Approval

To be approved, the Scheme of Arrangement Proposal must receive the affirmative vote of at least 75% or more of the nominal value of the
Penguin Solutions Cayman ordinary shares and Penguin Solutions Cayman convertible preferred shares voted at the Scheme Meeting by the shareholders as of the Voting Record Time who are entitled to vote and who are present (either in person (including
via live webcast) or represented by proxy) and who vote at the Scheme Meeting. Holders of Penguin Solutions Cayman ordinary shares and Penguin Solutions Cayman convertible preferred shares will vote together on the Scheme of Arrangement Proposal.
Broker “non-votes,” if any, will be disregarded and will have no effect on the outcome of the vote.

Effect of Shares Not Voted

If you
hold your Penguin Solutions Cayman shares through a broker or nominee and you do not instruct your broker or nominee on how to vote your Penguin Solutions Cayman shares prior to the Scheme Meeting, your broker or nominee, or depository through which
your broker or nominee holds our Penguin Solutions Cayman shares, will not be able to vote at the Scheme Meeting or affect the outcome of the vote, which is based on shares voting.

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Proxies

A proxy card for the Scheme Meeting is being sent to each Penguin Solutions Cayman shareholder as of the Voting Record Time.

If you are a holder of Penguin Solutions Cayman shares as of the Voting Record Time, your Penguin Solutions Cayman shares will be voted in
accordance with your instructions if you properly mark, date, sign and return the accompanying proxy card by mail or courier to Broadridge at Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood,