Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 6

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 6
---
 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. Shareholders are encouraged to submit their votes in advance of the Scheme Meeting, following the procedure outlined further below. Shareholders are being asked to vote on the following matter at the Scheme Meeting:

| • |     | To approve the scheme of arrangement substantially in the form attached as Annex B to the accompanying proxy                                                                                                                                      
 statement (the “Scheme of Arrangement”), pursuant to which, at the completion date of the Scheme of Arrangement (expected to be   p.m. (Pacific Time) on    , 2025) (the “Completion                                                              
 Date”), all shareholders of Penguin Solutions Cayman will become shareholders of Penguin Solutions Delaware. Pursuant to the terms of the Scheme of Arrangement, the shareholders of Penguin Solutions Cayman as of the scheme record time        
 (expected to be   p.m. (Pacific Time) on   , 2025) (the “Scheme Record Time”) (the “Scheme Shareholders”) will exchange their ordinary shares and/or convertible preferred shares                                                                 
 (as applicable) of Penguin Solutions Cayman for shares of common stock and/or convertible preferred stock (as applicable) of Penguin Solutions Delaware on the following basis: each ordinary share of Penguin Solutions Cayman (each, a “Penguin 
 Solutions Cayman ordinary share”) will be exchanged for one share of common stock of Penguin Solutions Delaware ( “Penguin Solutions Delaware common stock”), and each convertible preferred share of Penguin Solutions Cayman                    
 (each, a “Penguin Solutions Cayman convertible preferred share” and the Penguin Solutions Cayman convertible preferred shares together with the Penguin Solutions Cayman ordinary shares,