Penguin Solutions agrees to sell remaining 19% stake in Zilia for $46.08M

Penguin Solutions, Inc.

Seller (SMART Modular Technologies) will sell 19% interest in Zilia Technologies to Lexar Europe B.V. for $46.08 million.
Buyer already owns 81% of Zilia; after closing, Zilia becomes wholly owned by Buyer.
Closing expected by March 30, 2026, with extension to April 28, 2026 if approvals delayed.
Penguin Solutions will hold no further stake in Zilia after the transaction.

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