Shimmick sells 4,289,500 shares at $3.50 in offering, nets about $14.0 million
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 26, 2026.
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.