<SEC-DOCUMENT>0001193125-25-060911.txt : 20250324
<SEC-HEADER>0001193125-25-060911.hdr.sgml : 20250324
<ACCEPTANCE-DATETIME>20250324081339
ACCESSION NUMBER:		0001193125-25-060911
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250324
DATE AS OF CHANGE:		20250324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Penguin Solutions, Inc.
		CENTRAL INDEX KEY:			0001616533
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				981013909
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0830

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38102
		FILM NUMBER:		25762294

	BUSINESS ADDRESS:	
		STREET 1:		39870 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4809
		BUSINESS PHONE:		(510) 623-1231

	MAIL ADDRESS:	
		STREET 1:		39870 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMART Global Holdings, Inc.
		DATE OF NAME CHANGE:	20140813
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d825254ddefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): March&nbsp;24, 2025 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g825254g0320100449695.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>PENGUIN SOLUTIONS, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission
File Number <FONT STYLE="white-space:nowrap">001-38102</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Cayman Islands</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">98-1013909</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Incorporation or Organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>c/o Walkers Corporate Limited</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>190 Elgin Avenue</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>George
Town, Grand Cayman</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Cayman Islands</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B><FONT STYLE="white-space:nowrap">KY1-9008</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s Telephone Number, Including Area Code: (510)
<FONT STYLE="white-space:nowrap">623-1231</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or Former Address, if Changed Since Last Report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading <BR>Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of each exchange <BR>on which registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Ordinary shares, $0.03 par value per share</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PENG</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Nasdaq Global Select Market</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (&#167;&#8201;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;&#8201;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&#8194;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&#8194;&#9744;
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left"><B>Item&#8201;8.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Other Events. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Penguin Solutions, Inc. issued a press release on March&nbsp;24, 2025, announcing a plan to redomicile the parent company of the Penguin Solutions group of
companies from the Cayman Islands to the United States. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left"><B>Item&#8201;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>Exhibit<BR>No.</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><B>Description</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated March&nbsp;24, 2025.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>104</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Cover Page Interactive Data File (embedded within the Inline XBRL document).</TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3">Date: March&nbsp;24, 2025</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>Penguin Solutions, Inc.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Anne Kuykendall</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Anne Kuykendall</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President and Chief Legal Officer</TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Penguin Solutions, Inc. Announces Proposed Redomiciliation to the United States </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Milipitas, California &#150; March&nbsp;24, 2025 &#150; Penguin Solutions, Inc. (Nasdaq: PENG) (&#147;Penguin Solutions&#148; or the &#147;Company&#148;), a
leading designer and developer of high-performance, high-availability enterprise solutions, today announced that its Board of Directors (the &#147;Board&#148;) has approved a plan to redomicile the parent company of the Penguin Solutions group of
companies from the Cayman Islands to the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;While our incorporation in the Cayman Islands has served us and our shareholders well for
many years, we believe the redomiciliation of Penguin Solutions to the United States will further our strategic objectives and reflects our increased business and operational focus in the United States,&#148; said Mark Adams, Chief Executive Officer
of Penguin Solutions. &#147;We also believe that the redomiciliation will, among other benefits, streamline our organizational and regulatory structure for the benefit of our shareholders.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the redomiciliation plan, the ordinary shares and the convertible preferred shares of the existing Cayman Islands parent company at the completion
date of the redomiciliation will be exchanged on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis for common stock and convertible preferred stock of a newly-formed Delaware corporation
(&#147;Penguin Solutions Delaware&#148;). Penguin Solutions Delaware will become the ultimate parent company of the Penguin Solutions group of companies and will operate the business of the group in substantially the same manner as the Company has
done previously. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon completion of the redomiciliation, the common stock of Penguin Solutions Delaware will trade on the Nasdaq Global Select Market
under the Company&#146;s existing ticker symbol, &#147;PENG.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board also approved the filing of a preliminary proxy statement with the U.S.
Securities and Exchange Commission in connection with a special meeting of the Company&#146;s shareholders proposed to be convened by order of the Grand Court of the Cayman Islands (the &#147;Cayman Court&#148;) to consider and, if thought
appropriate, approve the redomiciliation plan. The implementation of the redomiciliation plan will also be subject to other customary closing conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If approved by its shareholders, subject to the sanction of the Cayman Court, the Company anticipates that the redomiciliation would be completed in the third
quarter of 2025. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Penguin Solutions, Inc. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
most exciting technological advancements are also the most challenging for companies to adopt. At Penguin Solutions, we support our customers in achieving their ambitions across our Advanced Computing, Integrated Memory, and Optimized LED business
segments. With our expert skills, experience, and partnerships, we turn our customers&#146; most complex challenges into compelling opportunities.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For
more information, visit&nbsp;https://www.penguinsolutions.com </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains&nbsp;forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended, Section&nbsp;21E
of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the proposed redomiciliation of the Penguin Solutions; statements that
address our business plans and organizational and regulatory structure; and statements about the timing for approval of the Penguin Solutions shareholders and the Cayman Court for the proposed redomiciliation, the expected timeframe for the proposed
redomiciliation, and the expected benefits of the proposed redomiciliation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These statements can be identified by the fact that they do not relate
strictly to historical or current facts. Forward-looking statements often use words such as &#147;anticipate,&#148; &#147;target,&#148; &#147;expect,&#148; &#147;estimate,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;goal,&#148;
&#147;believe,&#148; &#147;could,&#148; &#147;will&#148;, &#147;forecast,&#148; &#147;potential,&#148; &#147;should&#148; and other words of similar meaning. Forward-looking statements provide our current expectations or forecasts of future events,
circumstances, results or aspirations and are subject to a number of significant risks, uncertainties and other factors, many of which are outside of our control, including but not limited to: our ability to obtain shareholder approval of, and the
approval of the Cayman Court for, and to satisfy the other conditions to, the proposed redomiciliation within the expected timeframe or at all; our ability to realize the expected benefits from the proposed redomiciliation; the occurrence of
difficulties or material timing delays in connection with the proposed redomiciliation, including any unanticipated costs in connection with the proposed redomiciliation; any delays, challenges and expenses associated with receiving governmental and
regulatory approvals; and changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in the Cayman Islands, the United States and other jurisdictions following the proposed
redomiciliation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These and other risks, uncertainties and factors are described in greater detail under the sections titled &#147;Risk Factors,&#148;
&#147;Critical Accounting Estimates,&#148; &#147;Results of Operations,&#148; &#147;Quantitative and Qualitative Disclosures About Market Risk&#148; and &#147;Liquidity and Capital Resources&#148; contained in our Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> and Quarterly Reports on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> and our other filings with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;). In addition, such risks, uncertainties
and factors as outlined above and in such filings do not constitute all risks, uncertainties and factors that could cause our actual results to be materially different from such forward-looking statements. Accordingly, investors are cautioned not to
place undue reliance on any forward-looking statements. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we do not undertake to update the forward-looking
statements contained in this press release to reflect the impact of circumstances or events that may arise after the date that the forward-looking statements were made. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Important Information for Shareholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shareholders are urged to read the definitive proxy statement regarding the proposed redomiciliation when it becomes available, because it will contain
important information. Shareholders may obtain a copy of the definitive proxy statement&nbsp;(when available) and other related documents filed by the Company with the&nbsp;SEC&nbsp;free of charge on the SEC&#146;s website at&nbsp;www.sec.gov. The
definitive proxy statement (when available) and other related documents may also be accessed on Penguin Solutions&#146; website at ir.penguinsolutions.com via the &#147;Financials&#148; section, under &#147;SEC Filings.&#148;</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in the Solicitation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release is
neither a solicitation of a proxy nor a substitute for any proxy statement (including the definitive proxy statement) or other filings that may be made with the SEC. Nonetheless, Penguin Solutions and its directors and executive officers and other
members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed redomiciliation. You can find information about Penguin Solutions&#146; executive officers and directors in Penguin
Solutions&#146; definitive proxy statement for the 2025 annual general meeting which was filed with the SEC on December&nbsp;20, 2024. Additional information regarding the interests of such potential participants will be included in the definitive
proxy statement or other documents filed with the SEC when they become available. These documents (when available) may be obtained free of charge from the SEC&#146;s website at www.sec.gov. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Contact </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Suzanne Schmidt </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(510)
<FONT STYLE="white-space:nowrap">360-8596</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>ir@penguinsolutions.com</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PR Contact </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Maureen O&#146;Leary </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Penguin Solutions Corporate Communications </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(602) <FONT
STYLE="white-space:nowrap">330-6846</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>pr@penguinsolutions.com</U> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g825254g0320100449695.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g825254g0320100449695.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !5 1(# 2(  A$! Q$!_\0
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MPM))-BPHOS J <J,]S7>?%+_ ))GKG_7%?\ T-:.H^A\UZ!HL_B'5AIMJ?\
M2)(97B']]D0L%_'&/QK0\#>)Y/"/BNUU(EA;$^3=IZQ$\\>H.#^%:7PE_P"2
MFZ1_VU_]%-5KXN^%_P#A'_&#W<$>VQU/,\>!PLG_ "T7\R&_X%[4R?,^E8Y$
MFB26)P\;J&5E.00>A%?(WCC_ )'?Q#_U_P __H1KVGX*>*_[5T!]!NI,W>F@
M>5D\O >G_?)X^FVO%O''_([^(?\ K_G_ /0C20WL?5'AT@>%])). +*'_P!
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MQU%V=O\ Z!FBP[HO>,?A?X.\-^$M2U98[P2P0GR0UT<&0\(,=^2.*\L\!?\
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M&20"?XF)ZG'';%%AMEKX2P-/\3-)VCB,2R-[ 1L/YD5](>(/^1;U3_KSE_\
M0#7F7P4\&7&FP3^(]0A:*6ZC\JUC<8819R7([;B!CV'O7IOB#_D6]4_Z\Y?_
M $ T,%L?)?AG_D9-%_Z_8/\ T-:^Q:^.O#/_ ",FB_\ 7[!_Z&M?8M#%$^--
M<_Y#6J?]?4W_ *&U?7L%O#>:'%;7$:R0S6PCD1NC*5P0?PKY"US_ )#6J?\
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MHHH R+GPKX>O+K[3<Z'ITTY.3(]LA8GW..:U(HHX8EBB18XU&%1!@ >PHHH
M<RJZE6 92,$$<$5F?\(UH/\ T!--_P# 2/\ PHHH NVEE:V$/DV=M#;Q9W;(
M8PBY]<"ENK2VOK=K>[MXKB%_O1RH&4_4&BB@"EIWAW1=(E,NG:396DC#!>&!
M5;'U S6G110!%<6\%W T%S#'-"_#1R*&5OJ#Q2V]O#:P)!;0QPPH,+'&H55'
ML!THHH DJM::=96'F?8[.WMO,.7\F)4W'U.!S110!9K+O_#>AZK-YVH:18W4
MO_/2:W5F_,C-%% %ZUM+:RMU@M+>*WA7[L<2!5'X"IJ** *UKI]E8F0VEG;V
MYE.Z0PQ*F\^IP.>M1R:1IDMZ+R33K1[H$,)V@4N".AW8SQ110!=JAJ6B:5K
M4:EIMI>;?N^?"KE?ID<444 2V&F6&E0>1I]E;VD.<[((P@)]<"K748-%% $7
MV:W_ .>$?_? H^S0?\\(_P#O@445G[*G_*ON*YI=P^S0?\\(_P#O@4?9H/\
MGA'_ -\"BBCV5/\ E7W!S2[A]F@_YX1_]\"C[-!_SPC_ .^!111[*G_*ON#F
9EW'HB1C"(JCT48IU%%6DDK(D****8'__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
