Shimmick raises $14M in stock offering

Shimmick Corporation reported that it completed an underwritten public offering of 4,289,500 shares of common stock at $3.50 per share.

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.

Insights

Equity capital markets analyst

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, or 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 04:27 PM EDT Learn about SEC filing dates

Shimmick Corp false 0001887944 0001887944 2026-05-22 2026-05-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 22, 2026

Shimmick Corporation

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-41867		84-3749368
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)
530 Technology Drive
Suite 300 Irvine, CA				92618
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (833) 723-2021

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		SHIM		NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On May 22, 2026, Shimmick Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Roth Capital Partners, LLC, as the underwriter named therein (the “Underwriter”), in connection with an underwritten public offering of 3,730,000 shares of the Company’s common stock, par value $0.01 per share (the “Shares”), at a public offering price of $3.50 per Share.

Under the terms of the Underwriting Agreement, the Company granted the Underwriter a 30-day option to purchase up to 559,500 additional Shares. In connection with the closing of the offering, the Underwriter exercised its option to purchase all 559,500 additional Shares. As a result, the Company sold a total of 4,289,500 Shares in the offering. After the underwriting discount and estimated offering expenses payable by the Company, the Company received net proceeds from the offering of approximately $14.0 million. The offering, including the sale of the additional Shares, closed on May 26, 2026.

The offering was made pursuant to the Company’s effective shelf registration statement on Form S-3 (Registration No. 333-288513) previously filed with the Securities and Exchange Commission and declared effective on July 10, 2025, and a prospectus supplement thereunder.

The Underwriting Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriter, including liabilities arising under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The Underwriting Agreement has been filed with this Current Report on Form 8-K to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties.

The preceding summary of the Underwriting Agreement is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

A copy of the opinion of King & Spalding LLP regarding the validity of the shares of common stock sold in the offering is attached as Exhibit 5.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number		Description
1.1		Underwriting Agreement, dated May 22, 2026, by and between Shimmick Corporation and Roth Capital Partners, LLC*
5.1		Opinion of King & Spalding LLP
23.1		Consent of King & Spalding LLP (included in Exhibit 5.1)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish on a supplemental basis to the SEC a copy of any omitted schedule or exhibit upon request by the SEC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Shimmick Corporation
Date: May 26, 2026				By:		/s/ Todd W. Yoder
						Todd W. Yoder
						Executive Vice President, Chief Financial Officer and Treasurer

Filing Exhibits & Attachments

5 documents

Other Documents

• EX-1.1 EX-1.1 154.4 KB
• EX-5.1 EX-5.1 7.6 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 18.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.4 KB