{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-010617","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2023-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.839621+00:00","generated_at":"2026-06-20T13:08:16.595649+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SGH exchanges $150M of 2.25% notes for 2.000% notes due 2029; repurchases 325K shares","bullets":["Exchanged $150M aggregate principal of existing 2.25% convert notes due 2026 for $150M of new 2.000% notes due 2029 plus ~$15.6M cash premium.","Repurchased ~325,000 ordinary shares at $16.65/share for ~$5.4M in connection with the exchange offering.","New notes have conversion price of ~$21.23 per share (27.5% premium over last sale); capped call cap price of $29.1375.","After exchange, $100M of old notes remain outstanding; SGH will not receive cash proceeds from the new notes.","Entered into new capped call transactions to reduce dilution upon conversion; terminated portion of existing capped calls."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-010617","json":"https://secwatch.observer/filing/0001193125-23-010617.json","markdown":"https://secwatch.observer/filing/0001193125-23-010617.md","text":"https://secwatch.observer/filing/0001193125-23-010617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312523010617/0001193125-23-010617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312523010617/d422510d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T13:08:16.595649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}