Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Penguin Solutions, Inc. entered into Stock Purchase Agreement with SMART Modular Technologies (LX) S.à.r.l., Lexar Europe B.V., Shenzhen Longsys Electronics Co., Ltd., Shanghai Intelligent Memory Semiconductor Co., Ltd. valued at $205.00 million (effective 2023-06-13).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- SMART Modular Technologies (LX) S.à.r.l., Lexar Europe B.V., Shenzhen Longsys Electronics Co., Ltd., Shanghai Intelligent Memory Semiconductor Co., Ltd.
- Value
- $205.00 million
- Effective
- 2023-06-13
Exact text from the filing
On June 13, 2023, SMART Global Holdings, Inc., a Cayman Islands exempted company (“ SGH ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”), by and among SMART Modular Technologies (LX) S.à.r.l., a société à responsabilité limitée governed by the laws of Grand Duchy of Luxembourg and a wholly owned subsidiary of SGH (“ Seller ”), Lexar Europe B.V., a company organized under the laws of The Netherlands (“ Purchaser ”), Shenzhen Longsys Electronics Co., Ltd., a company limited by shares governed by the laws of the People’s Republic of China (“ Longsys ”), solely with respect to certain provisions therein, Shanghai Intelligent Memory Semiconductor Co., Ltd., a limited liability company governed by the laws of the People’s Republic of China (“ Parent Funding Entity ”), and, solely with respect to certain provisions therein, SGH, for the intended sale of its standards-based modules assembly and test business in Brazil.
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