SHIMMICK CORPORATION SEC Filings

Shimmick Corporation furnished a press release announcing financial results for the third quarter ended October 3, 2025. The release is included as Exhibit 99.1 and was provided under a current report on Form 8‑K.

The company states the press release includes backlog and new awards data. Backlog represents the total dollar value of contracted work remaining and is adjusted for cancellations, deferrals, scope changes, and cost revisions. New awards reflect the dollar value of contracts executed during the period.

Shimmick Corporation entered into an at-the-market offering agreement with Roth Capital Partners to sell up to $7,800,000 of its common stock from time to time. Roth will act as sales agent, placing shares in at-the-market offerings under the company’s effective Form S-3 shelf registration and a related prospectus supplement dated September 8, 2025.

Shimmick is not required to sell any shares under this agreement and either party can suspend or terminate the offering before the full amount is sold. The company will pay Roth a cash commission of up to 3% of the gross proceeds from each share sale and reimburse up to $50,000 of documented legal fees. The agreement includes customary representations, covenants, and indemnification provisions for the sales agent.

Shimmick Corporation's prospectus supplement discloses securities and governance items relevant to a contemplated offering and references key risk factors. The company notes certain emerging-growth-company accommodations under the JOBS Act, including reduced historical financial statement requirements, extended transition for new accounting standards, scaled-back executive compensation disclosures, exemptions from advisory compensation votes and an exemption from auditor attestation of internal control under Section 404. The filing lists 1,865,608 common shares issuable on outstanding options at a weighted-average exercise price of $1.26, 2,594,768 restricted stock units outstanding, and 2,430,608 additional shares reserved under equity plans. The prospectus reiterates extensive operational and market risks, including contract-bidding accuracy, fixed-price contracts, dependency on subcontractors and suppliers, limited customer base, liquidity and covenant risks, cybersecurity, regulatory and geopolitical risks, and potential impacts from inflation and elevated interest rates.

Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corporation (SHIM), sold a total of 25,206 shares under a pre-existing Rule 10b5-1 plan. The Form 4 discloses two dispositions: 10,500 shares on 08/28/2025 at a weighted-average price of $3.18 and 14,706 shares on 08/29/2025 at a weighted-average price of $2.96. After these transactions, the reporting person beneficially owned 21,099,873 shares indirectly through GOHO, LLC, of which he is the sole managing member. The sales were effected pursuant to a 10b5-1 plan adopted on August 20, 2024, and were reported by power of attorney on 09/02/2025.

Shimmick Corporation (SHIM) filed a Form 144 reporting a proposed sale of 14,706 common shares through TD Securities (USA) LLC with an aggregate market value of $43,451.8208/29/2025 and identifies NASDAQ as the exchange. It records that the securities were originally acquired on 12/09/2020 in a private acquisition from GOHO LLC, showing 21,908,800 shares acquired on that date. The filing also discloses numerous recent sales by Mitchell B. Goldsteen of common shares across dates from 05/29/2025 through 08/28/2025, with individual trade amounts and gross proceeds reported.

Shimmick Corporation Form 144 notice reports a proposed sale of 10,500 common shares through TD Securities (USA) LLC with an aggregate market value of $33,393.15 and an approximate sale date of 08/28/2025. The filing shows these shares were acquired on 12/09/2020 in a private acquisition from GOHO LLC, and the issuer had 34,361,459 shares outstanding at the time reported. The document also discloses extensive prior sales by Mitchell B. Goldsteen across many dates in May–August 2025, including a large 30,805-share sale on 08/15/2025 for $68,679.75. The filer affirms no undisclosed material adverse information and provides standard Rule 144 representations.

Mitchell B. Goldsteen, a director and reported 10% owner of Shimmick Corporation (SHIM), sold 9,229 shares of SHIM common stock on 08/27/2025 at a weighted average price of $3.32 per share. The filing states the sales were executed under a Rule 10b5-1 trading plan adopted by the reporting person on 08/20/2024 and that the individual holds 21,125,079 shares indirectly through GOHO, LLC, of which he is the sole managing member. The reported per-share trades occurred at prices ranging from $3.30 to $3.36. The Form 4 was signed by John Carpenter under power of attorney for Mr. Goldsteen.

Shimmick Corporation (SHIM) filed a Form 144 reporting a proposed sale of 9,229 common shares through TD Securities (125 Park Ave, New York) with an aggregate market value of $30,679.04, and an approximate sale date of 08/27/2025 on NASDAQ. The filing shows these shares were originally acquired on 12/09/2020 in a private acquisition from GOHO LLC, and the issuer has 34,361,459 shares outstanding. The filing also lists numerous sales of common shares by Mitchell B. Goldsteen across May–August 2025 with individual trade dates, share amounts, and gross proceeds. The notice includes the standard representation that the seller does not possess undisclosed material adverse information about the issuer.

Todd Wilbur Yoder, Chief Financial Officer of Shimmick Corp (SHIM), reported an insider purchase of common stock. On 08/21/2025 he acquired a total of 2,000 shares at a weighted average price of $2.80 per share, resulting in 2,000 shares beneficially owned directly after the transaction. The Form 4 was signed by John Carpenter as power of attorney on 08/22/2025. The filing notes the shares were bought in multiple transactions at prices ranging from $2.79 to $2.81 and offers to provide breakdowns of individual trades upon request.