Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 5

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 5
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 2025. Please note that holders of Penguin Solutions Cayman shares through brokers or nominees are required to submit their voting instruction forms to their applicable broker or nominee prior to the deadline applicable to registered holders of Penguin Solutions Cayman shares 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 have any questions about the Scheme Meeting or require assistance, please call MacKenzie Partners, Inc. (“ MacKenzie”), our proxy solicitor, at +1 (800) 322-2885 (toll-freewithin the United States) or at +1 (212) 929-5500(outside the United States). On behalf of the Penguin Solutions Cayman Board, thank you for your continued support.

| Sincerely,                            |
| Mark Adams                            |
| President and Chief Executive Officer |

Neither the SEC nor any state securities commission has approved or disapproved of the securities to be issued in the contemplated scheme of arrangement or determined if the accompanying proxy statement is truthful or complete. Any representation to the contrary is a criminal offense.

The accompanying proxy statement related to the Penguin Solutions Cayman shares is dated May 2, 2025 and is first being mailed to Penguin
Solutions Cayman’s shareholders on or about May 2, 2025.

SUMMARY OF NOTICE OF THE SPECIAL SCHEME MEETING OF THE HOLDERS OF PENGUIN SOLUTIONS, INC. ORDINARY SHARES AND CONVERTIBLE PREFERRED SHARES TO BE HELD ON JUNE 16, 2025 To the holders of ordinary shares and convertible preferred shares (“ shareholders”) of Penguin Solutions, Inc. (“ Penguin Solutions Cayman”): On June 16, 2025, Penguin Solutions Cayman will hold a special scheme meeting (the “ Scheme Meeting”) of the Penguin Solutions Cayman shareholders, which will commence at 10:00 a.m. (Pacific Time), in order to approve a proposal for a scheme of arrangement pursuant to Section 86 of the Cayman Islands Companies Act (2025 Revision), as amended, modified or re-enactedfrom time to time (the “ Cayman Companies Act”). We will hold the Scheme Meeting at the offices of Latham & Watkins LLP, located at 140 Scott Drive, Menlo Park, California, 94025 and will broadcast the Scheme Meeting via live webcast. Registered shareholders as of 1:15 p.m. (Pacific Time) on April 25, 202