Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 97

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 97
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 Penguin Solutions Cayman                                                                                                                                                                                                                               |
| Authorized Capital Stock 
 or Share Capital         |     | Penguin Solutions Delaware’s amended and restated certificate of incorporation will authorize 230,000,000 shares of capital stock,                                                                                                                      
 consisting of (a) 200,000,000 shares of common stock, par value $0.03 per share and (b) 30,000,000 shares of preferred stock, par value $0.03 per share.                                                                                                
 Under Penguin Solutions Delaware’s amended and restated certificate of incorporation and subject to any additional requirements under the Certificate of                                                                                                
 Designation, the number of authorized shares of Penguin Solutions Delaware common stock and shares of Penguin Solutions Delaware convertible preferred stock may be increased or decreased (but not below the number of shares thereof then outstanding 
 plus, in the case of the common stock, the number of shares of common stock required to be reserved for the conversion of shares of Penguin Solutions Delaware convertible preferred stock) by the affirmative vote of the holders of a majority of the 
 capital stock of Penguin Solutions Delaware entitled to vote. Under Delaware law, the number of authorized shares of Penguin Solutions Delaware common stock may alternatively be increased or decreased by an amendment to Penguin Solutions           
 Delaware’s amended and restated certificate of incorporation if (i) at a stockholders meeting called to consider such amendment, a vote of the stockholders entitled to vote thereon, voting as a single class, is taken with respect to the            
 proposed amendment, and the votes in favor exceed the votes against such amendment and (ii) Penguin Solutions Delaware satisfies the listing requirements of the national securities exchange on which the shares of common stock are listed            
 following such amendment.   The Certificate of Designation will provide the Penguin                                                                                                                                                                     
 Solutions Delaware Board with substantially the                                                                                                                                                                                                         |     | Penguin Solutions Cayman is authorized to issue up to a maximum of 230,000,000 shares with a par value of $0.03 each, divided into the                                                                                                                 
 following classes: 200,000,000 ordinary shares of a nominal or par value of $0.03 each and 30,000,000 preferred shares of a nominal or par value of $0.03 each, whereby 200,000 of such preferred shares have been designated as convertible preferred 
 shares.   Penguin Solutions Cayman has the authority, pursuant to the Penguin                                                                                                                                                                          
 Solutions Cayman Articles, to increase its authorized but unissued share capital by ordinary resolution by creating additional Penguin Solutions Cayman shares of any class or series. An ordinary