Shimmick Raises $14 Million Through $3.50 Offering of 4.29M Shares
SHIM•Shimmick Corporation closed an underwritten public offering of 4,289,500 common shares at $3.50 each after full exercise of underwriter’s 30-day option. The company received net proceeds of approximately $14.0 million for working capital and general corporate purposes.
1. Offering Details
Shimmick Corporation sold 3,730,000 common shares in an underwritten public offering at $3.50 per share and the underwriter fully exercised its option to purchase an additional 559,500 shares, bringing the total to 4,289,500 shares. Roth Capital Partners acted as sole manager, and the shares were offered under the company’s shelf registration effective July 10, 2025.
2. Use of Proceeds
The offering generated approximately $14.0 million in net proceeds, which Shimmick intends to deploy for working capital requirements and general corporate purposes, bolstering its balance sheet to support ongoing infrastructure construction services projects.
