{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-206170","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2024-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.789774+00:00","generated_at":"2026-05-31T07:51:08.302928+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Smart Global amends credit agreement; removes Cree Notes springing maturity, adds $20M threshold for 2026 Notes","bullets":["Entered Third Amendment to Credit Agreement on Aug 21, 2024.","Removes springing maturity trigger related to previously repaid Cree Notes.","Maturity acceleration now only applies if >$20M of 2026 convertible notes remain outstanding.","As of filing, less than $20M of 2026 Notes outstanding, so springing maturity provision currently not triggered.","Amendment reduces risk of early maturity acceleration."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-206170","json":"https://secwatch.observer/filing/0001193125-24-206170.json","markdown":"https://secwatch.observer/filing/0001193125-24-206170.md","text":"https://secwatch.observer/filing/0001193125-24-206170.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312524206170/0001193125-24-206170-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312524206170/d889634d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:51:08.302928+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"}