8-K - Penguin Solutions, Inc. | StockGist

AI Analysis

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Penguin Solutions, through its subsidiary, completed the sale of its remaining 19% stake in Zilia Technologies for $46.08 million, fully exiting the Brazilian memory module business.

Key Takeaways

1SMART Modular Technologies (LX) S.à r.l., a wholly owned indirect subsidiary, sold its remaining 19% interest in Zilia Technologies for $46.08 million.

2The transaction closed on March 30, 2026, under a Stock Transfer Agreement dated December 29, 2025.

3Zilia Technologies is now a wholly-owned subsidiary of Lexar Europe B.V., and the related Quotaholders Agreement was terminated.

4The sale completes Penguin Solutions' divestiture of its stake in the Brazilian memory module assembler, following an initial 81% sale in November 2023.

Current Report Details

Event Type

Regulation Fd

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

7.01

Regulation FD Disclosure. On April 1, 2026, Penguin Solutions, Inc. (the “Company”) issued a press release announcing the completion of the Transaction (as defi

Regulation Fd

8.01

Other Events. On March 30, 2026, SMART Modular Technologies (LX) S.à r.l. (“Seller”), a société à responsabilité limitée governed by the laws of the Grand Duchy

Other Event

$46.1M

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit No.: 10.1#* | Description: Stock Transfer Agreement, dated as of December 29, 2025, by and among SMART M

Exhibits Only

Source Document

Transaction Details

Acquisition / Disposition

Target: Seller's remaining 19% interest in the issued and outstanding quotas of Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda.
Consideration: $46.08 million
Structure: Stock Transfer Agreement

•Agreement entered into on December 29, 2025.
•Transaction closed on March 30, 2026.

Exhibits (2)

8-K

99.1

EX-99.1