Company: PENG
Filing Date: 2025-08-27
Form Type: S-3ASR
Source: 0001616533-25-000054
Chunk: 2

Company: Penguin Solutions, Inc.
Filing Date: 2025-08-27
Form: S-3ASR
Chunk 2
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30, 2025, by and between us and the Selling Securityholder (the “Investor Agreement”).

Following the expiration of the initial lock-up term and subject to the terms of the lock-up provisions under the Investor Agreement, the Selling Securityholder may, from time to time, sell, transfer, or otherwise dispose of any or all of their securities covered by this prospectus on any stock exchange, market, or trading facility on which the securities are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. See “Plan of Distribution” which begins on page 24.

We are not offering any shares of our common stock for sale under this prospectus. We will not receive any of the proceeds from the sale of shares of common stock by the Selling Securityholder, but we have agreed to pay certain registration expenses, other than underwriting discounts and commissions and applicable transfer taxes, in connection with offerings by the Selling Securityholder.

We may amend or supplement this prospectus from time to time by filing amendments or supplements as required. You should read the entire prospectus and any amendments or supplements carefully before you make your investment decision.

INVESTING IN OUR SECURITIES INVOLVES RISKS. SEE THE SECTION TITLED “RISK FACTORS” ON PAGE 9 OF THIS PROSPECTUS AND THE RISK FACTORS SET FORTH UNDER “RISK FACTORS” IN OUR ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED AUGUST 30, 2024, FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 24, 2024 (WHICH DOCUMENT IS INCORPORATED BY REFERENCE HEREIN), AS WELL AS THE RISK FACTORS AND OTHER INFORMATION IN ANY ACCOMPANYING PROSPECTUS SUPPLEMENT AND ANY DOCUMENTS WE INCORPORATE BY REFERENCE INTO THIS PROSPECTUS AND ANY ACCOMPANYING PROSPECTUS SUPPLEMENT, BEFORE DECIDING TO INVEST IN OUR SECURITIES. SEE “WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE.”

Our common stock is listed on the Nasdaq Global Select Market under the symbol “PENG.” On August 26, 2025, the last reported sale price of our common stock on the Nasdaq Global Select Market was