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Shimmick Corporation Prices Underwritten Public Offering of Common Stock
IRVINE, Calif., May 22, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced the pricing of an underwritten public offering of 3,730,000 shares of its common stock at a price of $3.50 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 559,500 shares to cover overallotments in connection with the offeri
About this update from Shimmick Corporation
[{"type":"text","content":"IRVINE, Calif., May 22, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced the pricing of an underwritten public offering of 3,730,000 shares of its common stock at a price of $3.50 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 559,500 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $12.2 million, assuming no exercise of the overallotment option. The offering is expected to close on May 26, 2026, subject to customary closing conditions.","length":809,"tagName":"p"},{"type":"text","content":"Roth Capital Partners is acting as sole manager for the offering.","length":65,"tagName":"p"},{"type":"text","content":"Shimmick Corporation intends to use the net proceeds from the offering for working capital and general corporate purposes.","length":122,"tagName":"p"},{"type":"text","content":"The shares of common stock are being offered by Shimmick pursuant to a “shelf” registration statement on Form S-3 (File No. 333-288513) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on July 10, 2025. The public offering of common stock is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and the accompanying prospectus relating to the shares of common stock being offered will be filed with the SEC and available on the SEC's website at http://www.sec.gov. When available, copies of the prospectus supplement and accompanying base prospectus relating to this offering may also be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147.","length":819,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities...