Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 22

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 22
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 through a broker or nominee, we recommend that you contact your broker or nominee directly for more information on the procedures by which your Penguin Solutions Cayman ordinary shares can be voted. Your broker or nominee will not be able to vote your Penguin Solutions Cayman ordinary shares unless it receives appropriate instructions from you. If you hold your 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” or “legal proxy” from your broker or nominee that holds your Penguin Solutions Cayman ordinary shares. If you plan to attend in person and vote your “street name” shares at the Scheme Meeting, you should request such an “instrument of proxy” or “legal proxy” from your broker, bank, or other holder of record and bring it with you to the Scheme Meeting along with proof of identification. If you plan to attend the Scheme Meeting online via live webcast and vote your “street name” shares at the Scheme Meeting, you must use the control number found on your voting instruction form sent in respect of the Scheme Meeting in order to obtain a “legal proxy” and access the Scheme Meeting. Please see “The Scheme Meeting—How You Can Vote.”

| 11. Q: | What will I receive for my Penguin Solutions Cayman shares? |

| A: | If the Scheme of Arrangement becomes effective, shareholders as of the Scheme Record Time, which is                                                                                                      
 expected to be   p.m. (Pacific Time) on    , 2025 (the “Scheme Shareholders”) will receive one share of Penguin Solutions Delaware common stock for each Penguin Solutions Cayman ordinary share and one 
 share of Penguin Solutions Delaware convertible preferred stock for each Penguin Solutions Cayman convertible preferred share, as applicable, on the Completion Date.                                    |

Please also see Annex C to this proxy statement, “Expected Timetable of Principal Events” for further information.

| 12. Q:What | quorum and shareholder votes of Penguin Solutions Cayman shareholders are required to approve the Scheme of 
 Arrangement Proposal at the Scheme Meeting?                                                                 |

| A: | 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 and voting in person (including via live webcast) or by proxy at