Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 19

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 19
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 certainty and equality of treatment for Penguin Solutions Cayman shareholders. The implementation of the Scheme of Arrangement must satisfy certain legal requirements for the protection of Penguin Solutions Cayman shareholders and creditors and therefore requires the approval of the Cayman Court.

| 8. Q: | Am I required to vote at the Scheme Meeting? |

| A: | It is important that as many shareholders as of the Voting Record Time as possible cast their votes at                                                                                                                                      
 the Scheme Meeting. In particular, it is important that as many votes as possible are cast at the Scheme Meeting so as to demonstrate to the Cayman Court that there is a fair representation of shareholders as of the Voting Record Time. |

The Penguin Solutions Cayman Board believes that the Transaction is advisable and urges you to read this proxy statement carefully and, if eligible, to vote in favor of the Scheme of Arrangement Proposal.

| 9. Q: | How do I vote if I am a registered shareholder? |

| A: | Whether or not you plan to attend the Scheme Meeting in person (including via live webcast), we urge you                                                                                                                                                 
 to vote your Penguin Solutions Cayman shares by way of proxy. All Penguin Solutions Cayman shares represented by valid proxy cards that we receive through this solicitation and that are not revoked will be voted in accordance with your instructions 
 as noted on your proxy card.                                                                                                                                                                                                                             |

We have enclosed a proxy card in respect of the Scheme Meeting. By submitting your proxy card, you are legally authorizing another person to vote your Penguin Solutions Cayman shares by proxy in accordance with your instructions. You may appoint the chairperson of the Scheme Meeting or any other person as your proxy and it is not a requirement that this person be a current shareholder of Penguin Solutions Cayman. The enclosed proxy card designates Mark Adams (who will act as chairperson of the Scheme Meeting) and Nate Olmstead, or either of them, to vote your Penguin Solutions Cayman shares in accordance with the voting instructions you indicate in your proxy card at the Scheme Meeting. 7

In addition, if any other matters (other than the Scheme of Arrangement Proposal contained in this proxy statement) properly come before the Scheme Meeting or any adjournments thereof, the persons named in the proxy card will have the authority to vote your Penguin Solutions Cayman shares on those matters in their discretion. The Penguin Solutions Cayman Board currently does not know of any matters to be raised at the Scheme Meeting other than the Scheme of Arrangement Proposal. You may submit