{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-285726","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2023-11-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.791680+00:00","generated_at":"2026-06-07T19:52:31.413505+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SGH completes sale of 81% of SMART Brazil to Lexar Europe for $205M EV; receives $140M upfront","bullets":["Completed sale of 81% of SMART Brazil to Lexar Europe (affiliate of Longsys) for $205M enterprise value; received ~$140M upfront cash net of adjustments and withholding tax.","Deferred cash payment of ~$28M (81% of $35M) due 18 months after closing; SGH retains a 19% interest in SMART Brazil.","Put/call option for remaining 19% stake exercisable in three windows (2027-2029) at 7.5x SMART Brazil's fiscal year net income.","Advisors: Banco Itaú BBA (financial) and Latham & Watkins (legal) for SGH."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-285726","json":"https://secwatch.observer/filing/0001193125-23-285726.json","markdown":"https://secwatch.observer/filing/0001193125-23-285726.md","text":"https://secwatch.observer/filing/0001193125-23-285726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312523285726/0001193125-23-285726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312523285726/d604544d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:52:31.413505+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":[{"claim_id":"b8bb429db7977f26154013650ce3083ef5903ed2","claim":"Penguin Solutions, Inc. completed a disposition involving Lexar Europe B.V. for total enterprise value of $205 million (closed 2023-11-29).","evidence_excerpt":"Brazil (the “ Retained Interest ”) (the “ Divestiture ”). At the closing of the Divestiture (the “ Closing ”), Purchaser paid to Seller (based on a total enterprise value of $205 million for SMART Brazil) an upfront cash purchase price of approximately $140 million, which amount reflects certain customary adjustments and estimated withholding tax due in","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000119312523285726/0001193125-23-285726-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Lexar Europe B.V."},{"label":"Consideration","value":"total enterprise value of $205 million"},{"label":"Closing","value":"2023-11-29"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}