Penguin Solutions Announces Closing of $200 Million Strategic Investment from SK Telecom [Yahoo! Finance]
SK Telecom Co., Ltd. (SKM)
US:NYSE Investor Relations:
sktelecom.com/en/investor/lib/announce.do
Company Research
Source: Yahoo! Finance
leading designer and developer of high-performance, high-availability enterprise solutions, today announced the closing of the previously announced strategic investment of SK Telecom ("SKT") (NYSE: SKM), an affiliate of SK Group. SKT, through Astra AI Infra LLC, a special purpose vehicle formed by SKT to consummate the Investment, has acquired 200,000 convertible preferred shares, par value $0.03 per share, of Penguin Solutions (the "CPS"), at a purchase price of $1,000 per share (the "Investment"). The CPS are convertible into ordinary shares, par value $0.03 per share, of Penguin Solutions (the "Ordinary Shares"), at a conversion price of $32.80784 per preferred share, subject to adjustment upon the occurrence of certain events. The CPS entitle the holder to receive dividends of 6% per annum, cumulative, and payable quarterly in-kind or in cash at Penguin Solutions' option, subject to certain conditions. A holder of the CPS may convert such holder's CPS into Ordinary Shares at any t
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News
- SK Telecom Invests $3M in Twelve Labs for Multimodal AI Innovation [Yahoo! Finance]Yahoo! Finance
- Twelve Labs Secures $30 Million in Funding, Validating the Importance of Twelve Labs' Video Understanding Technology to the AI EcosystemPR Web
- Twelve Labs is building AI that can analyze and search through videos [TechCrunch]TechCrunch
- SK Telecom Co., Ltd. (NYSE: SKM) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- The world's first telecom-based credit scoring solution, 'EQUAL', has been launchedPR Web
SKM
Sec Filings
- 12/18/24 - Form 6-K
- 12/11/24 - Form 6-K
- 11/13/24 - Form 6-K
- SKM's page on the SEC website