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GlobeNewswire·

Shimmick Corporation Announces Closing of Underwritten Public Offering of Common Stock

SHIM
  • Shimmick Corporation (NASDAQ: SHIM) successfully closed an underwritten public offering of 3,730,000 shares at $3.50 per share.
  • The underwriter fully exercised its 30-day option to purchase an additional 559,500 shares to cover overallotments.
  • The aggregate sale totalled 4,289,500 shares, generating net proceeds of approximately $14.0 million after deducting discounts & expenses.
  • Roth Capital Partners served as the sole manager for the offering.
  • Shimmick intends to utilize the net proceeds for working capital & general corporate purposes.
  • The shares were issued pursuant to a Form S-3 shelf registration statement declared effective on July 10, 2025, with a prospectus supplement filed on May 22, 2026.