Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 9

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 9
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OTE PROCESSING, C/O BROADRIDGE, 51 MERCEDES WAY, EDGEWOOD, NY 11717, NOT LATER THAN 8:59 P.M. (PACIFIC TIME) ON , 2025.

IF YOU HOLD YOUR PENGUIN SOLUTIONS CAYMAN SHARES IN “STREET NAME” THROUGH A BROKER OR NOMINEE, YOU SHOULD PROPERLY MARK, DATE, SIGN AND RETURN THE ACCOMPANYING VOTING INSTRUCTION FORM IN THE ENCLOSED, POSTAGE-PAIDENVELOPE OR FOLLOW THE INTERNET OR TOUCH-TONEVOTING INSTRUCTIONS ON THE VOTING INSTRUCTION FORM AS PROMPTLY AS POSSIBLE.

IN ORDER FOR YOUR VOTING INSTRUCTION FORM TO BE VOTED, YOUR BROKER OR NOMINEE MUST RECEIVE YOUR VOTING INSTRUCTION FORM BY 8:59 P.M. (PACIFIC TIME) ON , 2025. PLEASE NOTE THAT HOLDERS OF PENGUIN SOLUTIONS CAYMAN SHARES THROUGH A BROKER OR NOMINEE ARE REQUIRED TO SUBMIT VOTING INSTRUCTIONS TO THEIR APPLICABLE BROKER OR NOMINEE PRIOR TO THE DEADLINE APPLICABLE FOR THE SUBMISSION OF PROXY CARDS BY PENGUIN SOLUTIONS CAYMAN SHAREHOLDERS AND SUCH HOLDERS SHOULD FOLLOW ANY SEPARATE INSTRUCTIONS THAT ARE PROVIDED BY THEIR APPLICABLE BROKER OR NOMINEE. YOU SHOULD CONTACT YOUR BROKER OR NOMINEE DIRECTLY FOR MORE INFORMATION ON THESE PROCEDURES.

The accompanying proxy statement
incorporates documents by reference. Please see “Where You Can Find More Information” beginning on page 103 of the accompanying proxy statement for a listing of documents incorporated by reference. These documents are available to any
person, including any beneficial owner, upon request by contacting us at:

Penguin Solutions, Inc.

1390 McCarthy Boulevard, Milpitas, CA 95035

Attention: Corporate Secretary

Telephone: +1 (415) 954-2800

To ensure timely delivery of these documents, any request should be made no later than , 2025. The exhibits to these
documents will generally not be made available unless such exhibits are specifically incorporated by reference in the accompanying proxy statement.

TABLE OF CONTENTS

| STRUCTURE OF THE TRANSACTION                                                  |     |   1 |
| QUESTIONS AND ANSWERS ABOUT THE TRANSACTION                                   |     |   4 |
| SUMMARY                                                                       |     |  16