Penguin Solutions completes redomiciliation from Cayman Islands to Delaware; trading as PENG from July 1

Penguin Solutions, Inc.

• Each Cayman ordinary and preferred share exchanged 1:1 for Delaware common and convertible preferred stock.
• Delaware parent fully and unconditionally guarantees $250M 2.25% 2026, $150M 2.000% 2029, and $200M 2.00% 2030 convertible notes.
• Same board, executive officers, equity plans, and director compensation continued post-redomiciliation.
• Amended and restated certificate of incorporation and bylaws effective; preferred stock terms set in certificate of designation.
• Press release issued June 30 announcing completion of scheme of arrangement.