Company: PENG
Filing Date: 2025-06-30
Form Type: 8-K12B
Source: 0001193125-25-152807
Chunk: 5

Company: Penguin Solutions, Inc.
Filing Date: 2025-06-30
Form: 8-K12B
Chunk 5
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 applicable, with cash in lieu of fractional shares of common stock. Pursuant to the terms of the Supplemental Indentures, Penguin Solutions Delaware agreed to deliver such common stock when issuable under the applicable Indentures. The foregoing description of the Supplemental Indentures is a general description only and is qualified in its entirety by reference to the Supplemental Indentures, copies of which are filed as Exhibits 4.1, 4.2 and 4.3, and incorporated herein by reference. Investor Agreement In addition, on June 30, 2025, effective upon consummation of the Redomiciliation Transaction, Penguin Solutions Delaware assumed from Penguin Solutions Cayman the Investor Agreement, dated as of December 13, 2024, by and between Penguin Solutions Cayman and a special purpose vehicle of SK Telecom Co., Ltd. (“ SKT”) and Penguin Solutions Delaware and SKT amended and restated the Investor Agreement (as amended and restated, the “ Investor Agreement”), which provides for certain rights and restrictions relating to SKT’s beneficial ownership of Issued Convertible Preferred Stock, as described under the heading “Description of Penguin Solutions Delaware Capital Stock” in the Redomiciliation Proxy Statement, which description is incorporated herein by reference. The foregoing description of the Investor Agreement is a general description only and is qualified in its entirety by reference to the Investor Agreement, which is filed as Exhibit 4.4, and incorporated herein by reference.

| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |

As described in Item 1.01 above, on June 30, 2025, following the consummation of the Redomiciliation Transaction, Penguin Solutions Delaware entered into the Supplemental Indentures with respect to the Notes, providing for a full and unconditional parent guarantee by Penguin Solutions Delaware of Penguin Solutions Cayman’s obligations thereunder.

The information set forth under the heading “Supplemental Indentures to Indentures Governing Convertible Senior Notes” in Item 1.01 of this Current Report on Form 8-Kis incorporated herein by reference.

| Item 3.02 | Unregistered Sale of Equity Securities. |

The information set forth in the Introductory Note of this Current Report on Form 8-Kis incorporated by reference into this Item 3.02.

| Item 3.03 | Material Modification to the Rights of Security Holders. |

The