Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 87

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 87
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 that annual stockholder meetings will be held at a date, place (if any) and time, as exclusively selected by the Penguin Solutions Delaware Board. To the extent permitted under applicable law, Penguin Solutions Delaware may, but is not obligated to, conduct meetings by remote communications, including by webcast. 57

Stock Exchange Listing

We will submit a notification form with Nasdaq and expect that, upon the consummation of the Transaction, the Penguin Solutions Delaware common
stock will be listed on Nasdaq under the symbol “PENG,” the same symbol under which Penguin Solutions Cayman ordinary shares are currently listed.

Transfer Agent and Registrar

The
transfer agent and registrar for our common stock will be Computershare Trust Company, N.A. The transfer agent and registrar’s address is 250 Royall Street, Canton, Massachusetts 02021.

Anti-TakeoverEffects of Provisions of the Penguin Solutions Delaware Certificate of Incorporation and Bylaws and Delaware Law

The DGCL contains and Penguin Solutions Delaware’s amended and restated certificate of incorporation and amended and
restated bylaws will contain provisions that may delay, defer, or discourage another party from acquiring control of Penguin Solutions Delaware. We expect that these provisions, which are summarized below, will discourage coercive takeover practices
or inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of Penguin Solutions Delaware to first negotiate with the Penguin Solutions Delaware Board, which we believe may result in an improvement
of the terms of any such acquisition in favor of Penguin Solutions Delaware stockholders. However, they will also give the Penguin Solutions Delaware Board the power to discourage acquisitions that some stockholders may favor. Please see “Risk
Factors.” These provisions will replace and substitute applicable Cayman Islands law and it cannot be predicted whether they will make an acquisition more or less likely compared to those provisions.

Delaware Anti-TakeoverStatute

Penguin will be subject to Section 203 of the DGCL, which prohibits persons deemed “interested stockholders” from engaging in a
“business combination” with a publicly-held Delaware corporation for three years following the date these persons become interested stockholders unless the business combination is, or the transaction
in which the person became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. Generally, an “interested stockholder” is a person who, together with affiliates and associates, owns, or
within three years prior to the determination of interested stockholder status did own, 15% or more of the voting