Shimmick raises $14M in dilutive equity offering, selling 4.3M shares at $3.50

Filed May 26, 2026 · Period ending May 22, 2026 · ~1 min read

Key Changes

• high

  Company sold 4.29 million common shares at $3.50/share through underwritten public offering with Roth Capital Partners, representing significant dilution to existing shareholders.

  Item 1.01 verify on EDGAR →
• high

  Underwriter exercised full overallotment option, purchasing all 559,500 additional shares beyond the base 3.73 million share offering.

  Item 1.01 verify on EDGAR →
• high

  Net proceeds of approximately $14.0 million received after underwriting discounts and offering expenses, with offering closing May 26, 2026.

  Item 1.01 verify on EDGAR →