Penguin Solutions closes $200M SK Telecom investment, appoints SKT exec to board, updates FY2025 EPS outlook

Penguin Solutions, Inc.

Closed $200M investment from SKT via 200,000 convertible preferred shares at $1,000 each, convertible at $32.80784 per share.
CPS carry 6% cumulative quarterly dividend payable in-kind or cash at company option.
Appointed Min Yong Ha, SKT Chief Development Officer, to Board of Directors as SKT designee.
FY2025 GAAP EPS outlook lowered to $0.10±0.20; Non-GAAP EPS to $1.50±0.20 due to investment accounting.
Proceeds to enhance AI factory offerings and financial flexibility.

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