{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-337077","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2025-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.930835+00:00","generated_at":"2026-05-16T11:59:33.724012+00:00","sec_items":["1.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Penguin Solutions agrees to sell remaining 19% stake in Zilia for $46.08M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-337077","json":"https://secwatch.observer/filing/0001193125-25-337077.json","markdown":"https://secwatch.observer/filing/0001193125-25-337077.md","text":"https://secwatch.observer/filing/0001193125-25-337077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525337077/0001193125-25-337077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525337077/d89656d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:59:33.724012+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":[{"claim_id":"ba847851fbfa283ea60939c04e39134e646b3f81","claim":"Penguin Solutions, Inc. entered into Stock Transfer Agreement with Lexar Europe B.V. valued at $46.08 million for 19% interest in Zilia (effective 2025-12-29).","evidence_excerpt":"On December 29, 2025, SMART Modular Technologies (LX) S.à r.l. (“Seller”), a société à responsabilité limitée governed by the laws of the Grand Duchy of Luxembourg and a wholly owned indirect subsidiary of Penguin Solutions, Inc. (the “Company”), entered into that certain Stock Transfer Agreement (the “Stock Transfer Agreement”), by and among Seller, Lexar Europe B.V., a company organized under the laws of the Netherlands (“Buyer”), Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda., a sociedade limitada governed by the laws of Brazil (“Zilia”), Shenzhen Longsys Electronics Co., Ltd., a company limited by shares governed by the laws of the People’s Republic of China and, as of the date hereof, listed on the Shenzhen Stock Exchange (Stock Code: 301308) (“Parent”), and Shanghai Intelligent Memory Semiconductor Co., Ltd. ( 上海慧 忆半导体有限公司 ), a limited liability company governed by the laws of the People’s Republic of China (“Parent Funding Entity”, together with Buyer a","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525337077/0001193125-25-337077-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Lexar Europe B.V."},{"label":"Value","value":"$46.08 million for 19% interest in Zilia"},{"label":"Effective","value":"2025-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}