Penguin Solutions, Inc. Announces Proposed Redomiciliation to the United States
Penguin Solutions, Inc. - Ordinary Shares (PENG)
Company Research
Source: Business Wire
MILIPITAS, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that its Board of Directors (the “Board”) has approved a plan to redomicile the parent company of the Penguin Solutions group of companies from the Cayman Islands to the United States.“While our incorporation in the Cayman Islands has served us and our shareholders well for many years, we believe the redomiciliation of Penguin Solutions to the United States will further our strategic objectives and reflects our increased business and operational focus in the United States,” said Mark Adams, Chief Executive Officer of P
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