Penguin Solutions Inc., a Delaware corporation, has successfully completed its redomiciliation from the Cayman Islands to the United States. The process, finalized on June 30, 2025, involved a Cayman Islands Scheme of Arrangement approved by a majority of shareholders and sanctioned by the Grand Court of the Cayman Islands. As a result, all issued ordinary and preferred shares of the former Cayman Islands entity were exchanged on a one-for-one basis for newly issued shares of the Delaware corporation. Trading of the company's common stock will continue on the Nasdaq Global Select Market under the symbol "PENG" starting July 1, 2025. The company anticipates no significant impact on its employees or daily operations due to this reorganization. Further details can be found in the Sanction Order under the Governance section of the company's Investor Relations website.