secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001193125-26-135770
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000119312526135770/0001193125-26-135770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000119312526135770/d119062d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-135770

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer