Shimmick completes $14 million stock offering at $3.50 per share

Shimmick Corporation (NASDAQ: SHIM) closed an underwritten public offering of 4.29 million shares of common stock, raising approximately $14 million in net proceeds after fees and expenses.

The infrastructure solutions provider sold 3.73 million shares at $3.50 per share. The underwriter exercised its overallotment option to purchase an additional 559,500 shares, bringing the total offering to 4.29 million shares.

Roth Capital Partners served as the sole manager for the offering. The shares were offered through a shelf registration statement previously filed with the Securities and Exchange Commission and declared effective in July 2025.

The company plans to use the net proceeds for working capital and general corporate purposes. Shimmick specializes in water, electrical and infrastructure construction services.

The offering was conducted through a prospectus supplement filed with the SEC. The company noted that the press release does not constitute an offer to sell securities and that any sale would be unlawful without proper registration under applicable securities laws.

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