Shimmick (NASDAQ: SHIM) completes $14M underwritten stock sale
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Shimmick Corporation reported that it completed an underwritten public offering of 4,289,500 shares of common stock at $3.50 per share. This total includes 559,500 additional shares sold when the underwriter fully exercised its 30-day option at closing.
After underwriting discounts and estimated expenses, Shimmick received approximately $14.0 million in net proceeds from the offering. The transaction closed on May 26, 2026 and was conducted under the company’s effective Form S-3 shelf registration statement using a prospectus supplement.
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Insights
Shimmick raises about $14 million through an underwritten stock sale.
Shimmick Corporation completed an underwritten public offering of 4,289,500 common shares at $3.50 per share, including the full exercise of the underwriter’s 30-day option for 559,500 extra shares. Net proceeds to the company are approximately $14.0 million.
The deal was conducted off an existing Form S-3 shelf registration and documented in an Underwriting Agreement with Roth Capital Partners, LLC. As a primary equity issuance, this brings in new cash but also adds new shares to the public float. Actual impact depends on how efficiently the new capital is deployed.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Base shares offered: 3,730,000 shares
Underwriter option shares: 559,500 shares
Total shares sold: 4,289,500 shares
+5 more
8 metrics
Base shares offered
3,730,000 shares
Common stock in underwritten public offering
Underwriter option shares
559,500 shares
Additional shares under 30-day option, fully exercised
Total shares sold
4,289,500 shares
Aggregate common stock sold in the offering
Public offering price
$3.50 per share
Price for each share of common stock
Net proceeds
$14.0 million
Net to company after underwriting discount and expenses
Option period
30 days
Length of underwriter’s option to buy additional shares
Offering closing date
May 26, 2026
Date the offering, including additional shares, closed
Shelf registration number
333-288513
Form S-3 shelf registration used for the offering
Key Terms
Underwriting Agreement, underwritten public offering, shelf registration statement, Form S-3, +2 more
6 terms
Underwriting Agreement financial
"entered into an Underwriting Agreement (the “Underwriting Agreement”) with Roth Capital Partners, LLC"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
underwritten public offering financial
"in connection with an underwritten public offering of 3,730,000 shares of the Company’s common stock"
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
shelf registration statement regulatory
"pursuant to the Company’s effective shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Form S-3 regulatory
"effective shelf registration statement on Form S-3 (Registration No. 333-288513)"
Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.
prospectus supplement regulatory
"and a prospectus supplement thereunder"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
underwriting discount financial
"After the underwriting discount and estimated offering expenses payable by the Company"
The underwriting discount is the fee that investment banks or broker-dealers keep when they buy securities from an issuer and resell them to the public; it’s the difference between the price paid to the company and the public offering price, shown per share or as a percentage. It matters to investors because it reduces the cash the company actually raises and is a cost built into the deal—like a sales commission—so a larger discount can mean higher issuance costs, tighter returns for new investors, and a signal about how much effort underwriters must expend to sell the offering.
FAQ
What equity offering did Shimmick (SHIM) complete in May 2026?
Shimmick completed an underwritten public offering of 4,289,500 common shares at $3.50 per share. The transaction used the company’s effective Form S-3 shelf registration and a related prospectus supplement to sell newly issued stock.
How much cash did Shimmick (SHIM) raise from its May 2026 stock sale?
Shimmick received net proceeds of approximately $14.0 million from the offering. This figure reflects the public sale of 4,289,500 shares after underwriting discounts and estimated offering expenses paid by the company.
Did the underwriter exercise its option in the Shimmick (SHIM) offering?
Yes. The underwriter exercised its 30-day option to purchase all 559,500 additional shares. That exercise increased the total shares sold in the offering to 4,289,500, above the original 3,730,000 base amount of common stock.
When did Shimmick’s May 2026 underwritten offering close?
The offering, including the sale of the additional 559,500 shares, closed on May 26, 2026. This closing followed the May 22, 2026 Underwriting Agreement between Shimmick Corporation and Roth Capital Partners, LLC.
Under what registration did Shimmick (SHIM) conduct this stock offering?
The stock offering was conducted under Shimmick’s effective shelf registration statement on Form S-3, Registration No. 333-288513. A related prospectus supplement governed the specific terms and conditions of this underwritten public offering.