Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 29

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 29
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 of the Scheme Record Time will be              
 transferred to Penguin Solutions Delaware in the Scheme of Arrangement, and following the Transaction, the holders thereof will cease to have any rights with respect to such Penguin Solutions Cayman shares except the right to receive a corresponding 
 number of uncertificated book-entry shares of the applicable class of Penguin Solutions Delaware. Penguin Solutions Cayman book-entry shares, including Penguin Solutions Cayman ordinary shares held in “street name” through a bank, broker,            
 custodian or other nominee, will be automatically exchanged for uncertificated book-entry shares of the applicable class of Penguin Solutions Delaware without any action required on the part of the beneficial holder of such shares. Please see        
 “The Scheme of Arrangement Proposal—Action Required to Transfer Penguin Solutions Cayman Shares and Receive Penguin Solutions Delaware Stock.”                                                                                                            |

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| 30. Q: | May I revoke my proxy? |

| A: | Yes. You can revoke your proxy at any time before the final vote at the Scheme Meeting. If you are the 
 record holder of your shares, you may revoke your proxy in any one of the following ways:              |

| • |     | You may submit another properly completed proxy card with a later date. |

| • |     | You may grant a subsequent proxy by telephone or through the internet. |

| • |     | You may send a timely written notice to our Secretary that you are revoking your proxy. |

| • |     | You may attend and vote during the Scheme Meeting. Simply attending the Scheme Meeting will not, by 
 itself, revoke your proxy.                                                                          |

Your most current proxy card or telephone or internet proxy is the one that will be counted, so long as it is provided within the applicable deadline. If your shares are held by your broker, bank, or other nominee, you should follow the instructions provided by your broker, bank, or other nominee to change your vote or revoke your voting instruction form.

| 31. Q: | How do I attend the Scheme Meeting? |

| A: | The Scheme Meeting will be held on    , 2025 and will commence at   a.m.                                                                                                                               
 (Pacific Time). The Scheme Meeting will be held at the offices of Latham & Watkins LLP, located at 140 Scott Drive, Menlo Park, California, 94025 and will additionally be broadcast via live webcast. |

We have designed the live webcast to provide the same rights and opportunities