---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-135770"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:58:42.284373+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Penguin Solutions completes sale of remaining 19% stake in Zilia Technologies for $46.08M

## Summary
- Sold remaining 19% interest in Zilia Technologies to Lexar Europe B.V. for $46.08 million.
- Transaction closed on March 30, 2026; Penguin Solutions no longer holds any interest in Zilia.
- Buyer previously acquired 81% of Zilia in November 2023; Zilia now wholly owned by Lexar Europe.
- Zilia assembles and tests memory modules for electronics manufacturers selling to Brazilian consumers.

## SEC filing metadata
- accession: 0001193125-26-135770
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312526135770/0001193125-26-135770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312526135770/d119062d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-135770
- JSON: https://secwatch.observer/filing/0001193125-26-135770.json
- Plain text: https://secwatch.observer/filing/0001193125-26-135770.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.