Shimmick Corporation (NASDAQ:SHIM) announced pricing of an underwritten public offering of 3,730,000 common shares at $3.50 each.
Underwriters have a 30-day option to purchase up to 559,500 additional shares for overallotments.
Net proceeds are estimated at $12.2 million, assuming no exercise of the overallotment option.
The company will use proceeds for working capital and general corporate purposes.
Stock currently trades at $4.03, above the offering price, though shares fell 19% over the past week.
Roth Capital Partners is sole manager. Closing is expected around May 26, 2026.
