Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 17

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 17
---
 IN ORDER FOR YOUR PENGUIN SOLUTIONS CAYMAN SHARES TO BE VOTED, YOUR BROKER OR NOMINEE MUST RECEIVE YOUR VOTING INSTRUCTION FORM BY 8:59 P.M. (PACIFIC TIME), ON JUNE 15, 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. If you hold your shares in “street name”, you may not attend the Scheme Meeting or vote your 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. 6

| 6. Q: | Why is a Scheme Meeting being held for Penguin Solutions Cayman shareholders? |

Please see “The Scheme Meeting—Proxies” and “The Scheme Meeting—How You Can Vote.”

| 7. Q: | Why is the approval of the Cayman Court required? |

| A: | The Scheme of Arrangement is a formal procedure under the Cayman Companies Act which is commonly used to                                                                                                                                                  
 carry out corporate reorganizations involving Cayman Islands companies. Under the Cayman Companies Act, the Scheme of Arrangement requires the approval of both the shareholders as of the Voting Record Time at the Scheme Meeting and also the sanction 
 of the Cayman Court.                                                                                                                                                                                                                                      |

In determining whether to