SMART Global Holdings, Inc. - Ordinary Shares (SGH)

Cree LED, an SGH company (Nasdaq: SGH), today announced the city of Santiago de Querétaro in central Mexico has tapped IDC Componentes (IDC2) and Ilumiled to upgrade all of its downtown lighting—a project that will replace 1600 sodium-based lamps with LED fixtures. Authorized by the state and municipal governments, the upgrade maintains the downtown area’s light color and softness while improving the light uniformity and cutting power consumption by more than half over the next five to 10 years.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, announces a proprietary technology to mitigate the adverse impact of single event upsets (SEUs) in high-reliability flash-memory based systems. SMART Modular’s MP3000 NVMe SSD products with SEU mitigation reduce annual failure rates from as high as 17.5k/Mu (million units) to less than 10/Mu and can save hundreds of thousands of dollars in potential service costs by helping to ensure hundreds of hours of uninterrupted uptime, especially important for tough-to-repair remote deployments.

SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, has launched a new line of DDR5 Registered DIMMs (RDIMMs) with conformal coating which are specifically designed for use in liquid immersion servers. This innovative product line combines the superior performance of DDR5 technology with enhanced protection, ensuring reliability and longevity in the most demanding data center environments.

Stratus Technologies Inc. (“Stratus”), an SGH company (Nasdaq: SGH) and a global leader in simplified, protected, and autonomous computing platforms for the edge and the data center, today announced expanded Linux capabilities for its 12th generation of the ftServer platform which is the latest version of the industry-leading fault-tolerant servers. The Stratus ftServer® family of computing platforms now have kernel-based virtual machine (KVM) support for Red Hat Enterprise Linux (RHEL), addressing a critical market need for optionality and openness in virtualization, while continuing to provide industry-leading fault-tolerant compute capabilities.

SMART Global Holdings, Inc. (“SGH,” “we” or the “Company”) (Nasdaq: SGH) today announced the pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”) to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $150.0 million. The Company has granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $25.0 million aggregate principal amount of Notes. The offering is expected to close on or about August 6, 2024, subject to customary closing conditions.

Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of its higher performance XLamp® XE-G LEDs. Through a combination of higher light output and lower forward voltage, the upgraded XE-G LEDs deliver a 20% increase in efficiency for RGBW (Red/Green/Blue/White) color-mixing systems and a 10% or higher efficiency gain for 13 of the 18 colors. Since their debut, XE-G LEDs have provided leading-edge functionality, and this latest performance boost will enable customers to improve their lighting fixtures even more.

SMART Global Holdings, Inc. (“SGH,” “we,” or the “Company”) (Nasdaq: SGH) today announced that it intends to offer $150.0 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”) to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $22.5 million aggregate principal amount of Notes.

Stratus Technologies, Inc. (��Stratus”), an SGH company (Nasdaq: SGH) and a global leader in simplified, protected, and autonomous computing platforms for edge and data center use, today announced new capabilities and features of the Stratus ztC Endurance™ platform, which delivers highly reliable connectivity to critical production data stored in storage area networks (SANs) and expands visibility into industrial automation (IA) information across the enterprise. New features include improved data connectivity for both enterprise and edge operations, including 32 GB Fibre Channel technology that meets rigorous availability requirements. Users can access enterprise data stored in SANs in the enterprise data center and with OPC-UA support, which provides a single-pane-of-glass view into IA data and other critical edge applications.

Today, at its Nasdaq MarketSite Analyst Day event, SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH) announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company’s transformation over the past several years and reflects its focus on delivering leading-edge solutions that solve the complexity of AI. The new Penguin Solutions is uniquely positioned as an expert in end-to-end AI infrastructure solutions.

SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that SK Telecom (“SKT”) NYSE: SKMNYSESKM)

SGH is emerging as an AI winner due to demand for its memory, intelligent platforms, and LED technology. Analysts rate the stock as a buy and lead it higher.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the third quarter of fiscal 2024.

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH), today announced it has been selected by Voltage Park to provide core professional and managed services and software for its large-scale NVIDIA-based clusters. Penguin designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale. Voltage Park is a next-generation cloud company focused on providing accessible machine learning (ML) infrastructure for AI.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the grant of inducement awards to its new senior vice president and chief financial officer, Nate Olmstead, in connection with his commencement of employment with SGH on June 26, 2024. The independent Compensation Committee of the Board of Directors of SGH (the “Committee”) approved the grant to Mr. Olmstead, as of June 26, 2024, of time-based restricted share units with respect to 61,331 ordinary shares of SGH (the “RSUs”) and performance-based restricted share units with respect to 61,331 ordinary shares of SGH at the target level (the “PSUs”).

SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH) announced that Nate Olmstead has joined the company today as senior vice president and chief financial officer (“CFO”), reporting to SGH president and chief executive officer (“CEO”) Mark Adams.

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced the expansion of its OriginAI® solution to include validated, pre-defined AI architectures incorporating NVIDIA technology. Backed by Penguin’s intelligent cluster management software and expert services, OriginAI infrastructure streamlines AI implementation and management, and enables predictable AI cluster performance in support of customer ROI from clusters that can range in size from hundreds to thousands of GPUs.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2024 earnings after market close on Tuesday, July 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) will host an Analyst Day on July 16, 2024, from 10 a.m. to 12:30 p.m. Eastern Time at the Nasdaq MarketSite in New York City. Chief Executive Officer Mark Adams, along with other members of the SGH senior leadership team, will provide an overview of the company’s strategy and vision for long-term growth.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the grant of inducement awards to its new president of Intelligent Platform Solutions, Pete Manca, in connection with his commencement of employment with SGH on April 8, 2024. The independent Compensation Committee of the Board of Directors of SGH (the “Committee”) approved the grant to Mr. Manca, as of May 23, 2024, of time-based restricted share units with respect to 106,042 ordinary shares of SGH (the “RSUs”) and performance-based restricted share units with respect to 106,042 ordinary shares of SGH at the target level (the “PSUs”).

Cree LED, an SGH company (Nasdaq: SGH), announced today that four of its latest product releases have been recognized with BrightStar Awards by LEDs Magazine. The XLamp® XP-G4 White LEDs, J Series® 2835 Pro9™ LEDs, J Series® 5050C E Class LEDs were recognized in the “LED Light Sources” category, and the High-Brightness LEDs (CV94A-FGC, CLMWB-FKC and UHD111A-FKA) were recognized in the “Specialty SSL System Technology” category. In addition, Cree LED was selected as an honoree by a respected panel of judges from the LED and lighting design and manufacturing community.

Stratus Technologies Inc. (“Stratus”), an SGH company (Nasdaq: SGH) and a global leader in simplified, protected, and autonomous computing platforms for the edge and the data center, today announced the release of Stratus Redundant Linux (SRL) 3.0, the latest version of its Linux-based operating system for the Stratus ztC Edge™ platform, and everRun® 8.0, the newest iteration of the company’s continuous availability software, which provides fault-tolerant performance across heterogeneous x86-based compute infrastructure.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that Ken Rizvi, senior vice president and chief financial officer (“CFO”), will depart the Company on June 30, 2024 to pursue another opportunity. Effective upon Mr. Rizvi’s departure, Jack Pacheco, the Company’s chief operating officer (“COO”) and president of Memory Solutions, and its former CFO, will assume the role of interim CFO while the Company searches for a permanent successor.

Cree LED, an SGH company (Nasdaq: SGH) today announced the new XLamp® XFL LED family, comprised of three LEDs designed for maximum performance in flashlights and other portable lighting applications. The brightest XFL LED, XFL10K, produces up to 20,000 lumens—over three times the light output of an automobile’s high-beam headlights—in a flashlight! Each of the XFL LEDs is optimized for specific flashlight lumen targets, dramatically speeding the design process for manufacturers and enabling them to deliver high-value customer products to market faster.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that it will host an Analyst Day in New York City on Tuesday, July 16, 2024, at 10 a.m. Eastern Time. Live and on-demand webcasts of the event will be available on the SGH Investor Relations website for those unable to attend in person. Additional details, including registration instructions, will be provided closer to the event date.