--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-25-152807" form_type: "8-K12B" ticker: "PENG" cik: "0001616533" company_name: "Penguin Solutions, Inc." filed_at: "2025-06-30T23:59:59+00:00" generated_at: "2026-05-18T13:05:54.067980+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Penguin Solutions completes redomiciliation from Cayman Islands to Delaware; trading as PENG from July 1 ## Summary - 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. ## SEC filing metadata - accession: 0001193125-25-152807 - form_type: 8-K12B - ticker: PENG - cik: 0001616533 - company_name: Penguin Solutions, Inc. - filed_at: 2025-06-30T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 3.02, 3.03, 5.03, 5.01, 5.02, 8.01, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/d936172d8k12b.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-25-152807 - JSON: https://secwatch.observer/filing/0001193125-25-152807.json - Plain text: https://secwatch.observer/filing/0001193125-25-152807.txt ## Key facts - Debt Financings Penguin Solutions, Inc. amended convertible notes of $250,000,000 in aggregate principal amount of its 2.25% Convertible Senior Notes due 2026 with Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association at 2.25% maturing 2026. - Instrument: convertible notes - Principal: $250,000,000 in aggregate principal amount of its 2.25% Convertible Senior Notes due 2026 - Counterparty: Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association - Rate: 2.25% - Maturity: 2026 - Event: amendment source text: pursuant to which Penguin Solutions Cayman issued $250,000,000 in aggregate principal amount of its 2.25% Convertible Senior Notes due 2026 evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - Debt Financings Penguin Solutions, Inc. amended convertible notes of $150,000,000 in aggregate principal amount of its 2.000% Convertible Senior Notes due 2029 with Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association at 2.000% maturing 2029. - Instrument: convertible notes - Principal: $150,000,000 in aggregate principal amount of its 2.000% Convertible Senior Notes due 2029 - Counterparty: Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association - Rate: 2.000% - Maturity: 2029 - Event: amendment source text: pursuant to which Penguin Solutions Cayman issued $150,000,000 in aggregate principal amount of its 2.000% Convertible Senior Notes due 2029 evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - Debt Financings Penguin Solutions, Inc. amended convertible notes of $200,000,000 in aggregate principal amount of its 2.00% Convertible Senior Notes due 2030 with Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association at 2.00% maturing 2030. - Instrument: convertible notes - Principal: $200,000,000 in aggregate principal amount of its 2.00% Convertible Senior Notes due 2030 - Counterparty: Penguin Solutions Cayman, Penguin Solutions Delaware, U.S. Bank Trust Company, National Association - Rate: 2.00% - Maturity: 2030 - Event: amendment source text: pursuant to which Penguin Solutions Cayman issued $200,000,000 in aggregate principal amount of its 2.00% Convertible Senior Notes due 2030 evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - Governance Changes Penguin Solutions, Inc.: Adoption of amended and restated bylaws in connection with redomiciliation transaction (effective 2025-06-30). - Change: bylaw amendment - Effective: 2025-06-30 source text: Penguin Solutions Delaware adopted Amended and Restated Bylaws on June 30, 2025 evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - Governance Changes Penguin Solutions, Inc.: Amendment and restatement of certificate of incorporation in connection with redomiciliation transaction (effective 2025-06-27). - Change: charter amendment - Effective: 2025-06-27 source text: Penguin Solutions Delaware filed an Amended and Restated Certificate of Incorporation on June 27, 2025 evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm - M&A Transactions Penguin Solutions, Inc. underwent a change of control (closed 2025-06-30). - Action: change of control - Closing: 2025-06-30 source text: After the close of market trading on June 30, 2025, the Scheme of Arrangement was consummated and became binding on all shareholders of Penguin Solutions Cayman, and Penguin Solutions Cayman became a wholly-owned subsidiary of Penguin Solutions Delaware, thereby completing the Redomiciliation Transaction. evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525152807/0001193125-25-152807-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.