GlobeNewswire·May 22, 2026, 8:15 AM ET

Shimmick Corporation Prices Underwritten Public Offering of Common Stock

Shimmick Corporation (NASDAQ: SHIM) priced an underwritten public offering of 3,730,000 shares of common stock at $3.50 per share.
The company granted underwriters a 30-day option to purchase an additional 559,500 shares to cover overallotments.
Net proceeds are expected to be approximately $12.2 million after underwriting discounts & expenses, assuming no exercise of the overallotment option.
Roth Capital Partners is acting as the sole manager for the offering.
The offering is expected to close on May 26, 2026, subject to customary closing conditions.
Shimmick intends to use the net proceeds for working capital & general corporate purposes.
The shares are being offered pursuant to a shelf registration statement on Form S-3 previously declared effective by the SEC on July 10, 2025.
A prospectus supplement & accompanying prospectus will be filed with the SEC & made available on their website.