Every material Form 8-K Shimmick Corp has filed with the SEC since May 26, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 2, 2026, Shimmick Corporation's subsidiary Shimmick Construction Company entered a Loan and Security Agreement with Sixty-First Commercial Finance for up to $14.3 million, due October 2, 2031, at 9.31% per annum. The company used the proceeds to fully repay and terminate its prior loan with Ansley Park Capital LLC, and it amended its revolving credit facility and ACF FINCO credit agreement to reference the new loan. Shareholders should note the loan is secured by equipment and related collateral and is guaranteed by the parent company.
Loan of up to $14.3 million from Sixty-First Commercial Finance, dated October 2, 2026, maturing October 2, 2031
Interest rate of 9.31% per annum; default rate up to the lesser of 15.0% or the legal maximum
Collateral includes specified equipment and related software, contracts, insurance rights and proceeds; Company and a subsidiary provide guaranties
Prior Ansley Park Capital LLC loan from March 12, 2025 was fully repaid and terminated on the same date
Shimmick reported second-quarter 2026 revenue of $107 million, down from $128 million a year earlier, while its net loss narrowed to $5 million from $9 million and gross margin rose to $12 million from $8 million. The company updated its full-year 2026 revenue guidance to $525 million to $575 million and reaffirmed Adjusted EBITDA guidance of $15 million to $30 million, so shareholders see lower sales offset by a smaller loss.
Q2 2026 revenue was $107 million versus $128 million in Q2 2025; Shimmick Projects revenue was $96 million versus $113 million.
Net loss attributable to Shimmick was $5 million, or $(0.12) per diluted share, compared with $9 million, or $(0.25) per share, a year earlier.
Adjusted EBITDA was $4 million, compared with $(0.2) million in the prior-year quarter.
Full-year 2026 revenue guidance is now $525 million to $575 million; Adjusted EBITDA guidance of $15 million to $30 million was reaffirmed.
Shimmick Corporation sold 4,289,500 common shares at $3.50 each in an underwritten public offering led by Roth Capital Partners, after the underwriter exercised its full option to buy 559,500 additional shares. The company received net proceeds of approximately $14.0 million after the underwriting discount and estimated offering expenses, and the offering closed on May 26, 2026. New shares increase the number outstanding, so existing holders' ownership percentage is reduced, while the company gains cash.
Offering agreement with Roth Capital Partners, LLC dated May 22, 2026; public offering price $3.50 per share
Total shares sold 4,289,500, including 559,500 shares from the underwriter's option
Net proceeds of approximately $14.0 million; offering closed May 26, 2026
Sold under a Form S-3 shelf registration declared effective July 10, 2025
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Shimmick Corp filing is on SEC EDGAR ↗. 8-K briefs of other companies →