Penguin Solutions, Inc. (PENG) Form SCHEDULE 13D/A — Nov 2, 2026
SK Telecom's investment vehicle Astra AI Infra LLC sold all 200,000 convertible preferred shares of Penguin Solutions on October 29, 2026 for $377,162,666, or $1,885.81 per share, exiting its stake entirely. The buyer, SHIFTIX1 LLC, is an indirect wholly owned subsidiary of SK hynix NAND Product Solutions Corp., a majority-owned subsidiary of SK hynix Inc. The stake stays within the broader SK Group but shifts from SK Telecom to SK hynix. Under a Joinder Agreement, the purchaser assumed Astra's rights under the June 2025 Investor Agreement, including board nomination rights, pro rata rights, consent rights and registration rights.
Key figures
- Deal Value Usd
- 377162666
- Sale date
- 2026-10-29
- Preferred shares sold
- 200000
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