Company: PENG
Filing Date: 2025-08-27
Form Type: S-3ASR
Source: 0001616533-25-000054
Chunk: 28

Company: Penguin Solutions, Inc.
Filing Date: 2025-08-27
Form: S-3ASR
Chunk 28
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 Registrar
The transfer agent and registrar for our common stock is Computershare Trust Company, N.A. The transfer agent and registrar’s address is 250 Royall Street, Canton, Massachusetts 02021.

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### SELLING SECURITYHOLDER
This prospectus relates to the possible resale by the Selling Securityholder from time to time of up to 6,096,103 shares of our common stock, which will become issuable upon the conversion of 200,000 shares of Issued Convertible Preferred Stock held by the Selling Securityholder. The term “Selling Securityholder” includes donees, pledgees, assignees, transferees or other successors-in-interest selling securities received after the date of this prospectus from the Selling Securityholder as a gift, pledge, partnership distribution or other transfer.

On July 14, 2024, Penguin Solutions Cayman entered into the Purchase Agreement with SK, pursuant to which it sold in a private placement 200,000 convertible preferred shares to SK, to be directly held by the Selling Securityholder, a special purpose vehicle formed by SK to consummate the investment.

In connection with the 2024 Private Placement, Penguin Solutions Cayman also entered into the Existing Investor Agreement with the Selling Securityholder, pursuant to which it agreed to register for resale the shares of common stock issuable to the Selling Securityholder in the 2024 Private Placement. Following the consummation of our U.S. Domestication, we amended and restated the Existing Investor Agreement and assumed the Investor Agreement from Penguin Solutions Cayman. Pursuant to the Investor Agreement, we granted the Selling Securityholder certain director designation rights, as further described under “Description of Securities—Preferred Stock—Issued Convertible Preferred Stock—Voting Rights.”

We are registering the resale of the shares of common stock covered by this prospectus pursuant to the Investor Agreement, which consists of shares of common stock issuable upon the conversion of the Seller Convertible Preferred Shares issued in the 2024 Private Placement.

The following table sets forth information concerning the shares of common stock that may be offered from time to time by the Selling Securityholder. The number of shares beneficially owned by the Selling Securityholder is determined under rules issued by the SEC. Under these rules, beneficial ownership includes any shares as to which the Selling Securityholder has sole or shared voting power or investment power. Percentage ownership is based on 52,401,114 shares of common stock outstanding as of July 3, 2025