SHIM 8-K SEC Filing Analysis

Latest settled — T+5d

SHIM ▲ +7.52% at T+5d

SHORT call ✗ call lost -7.52% · α vs SPY -7.05% · entry $3.59 → $3.86

Next anchor: T+20d in 11d

Currently $3.66 · -1.95% from $3.59 entry (call sign-flipped)

Entry anchored
May 26, 2026
via day open

T+1d

-0.56%

call +0.56% · α +1.11%

$3.57

settled 17d ago

T+5d

+7.52%

call -7.52% · α -7.05%

$3.86

settled 11d ago

T+20d

—

call — · α —

—

in 11d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Shimmick Corp closed a firm commitment underwritten public offering of 4,289,500 shares at $3.50/share, raising ~$14.0M net proceeds. The underwriter fully exercised its 30-day overallotment option, adding 559,500 shares. The capital raise follows a Q1 2026 earnings report showing a 28% YoY revenue decline and a net loss, indicating ongoing cash needs. The dilution is approximately 12% of shares outstanding.

Key Financial Metrics

Deal Value

$15.0M

Actionable Insight

The full exercise of the overallotment increases dilution beyond the initial 10.3% anticipated from the 424B5. With a 28% YoY revenue decline and net loss in Q1 2026, the company remains cash-constrained despite this raise. Monitor next quarter's revenue trajectory, contract awards, and any further capital needs. The 90-day insider lock-up provides a near-term floor but does not address fundamental deterioration.

Key Facts

Total shares sold: 4,289,500 (3,730,000 firm + 559,500 option fully exercised)
Public offering price: $3.50 per share
Net proceeds to company: approximately $14.0 million
Sole underwriter: Roth Capital Partners, LLC
Offering closed May 26, 2026
Proceeds intended for working capital
90-day lock-up agreements with officers, directors, and certain shareholders

Financial Impact

~$15.0M gross proceeds, ~$14.0M net; dilution of ~12% based on $136M market cap

dilutioncashworking capital

Risk Factors

Ongoing revenue decline and net losses
Dilution of ~12% for existing shareholders
US Army Corps of Engineers contract termination impact
Potential need for additional capital if working capital needs persist
Construction sector cyclicality and project delays

Market Snapshot

Exchange

Nasdaq

Sector

Heavy Construction Other Than Bldg Const - Contractors

Analyst Consensus

88% bullish (8 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-239410
Document: d129979d8k.htm	0001193125-26-239410
Document: d129979dex51.htm	0001193125-26-239410
Document: 0001193125-26-239410-index-headers.html	0001193125-26-239410
Document: 0001193125-26-239410-index.html	0001193125-26-239410
Document: 0001193125-26-239410.txt	0001193125-26-239410

5 reports for SHIM

T+1T+5T+20T+60

100% Hit rate 3 of 3 directional calls best @ T+20▲ +21.81%Mar 12, 2026

Filters

Reports for SHIM — sortable, filterable
	Type				Now
May 26, 2026 17d ago	8-K BEARISH ★ 6/10	$3.59 $3.86	▼ −7.52%	▼ −7.05%	$3.66 (−1.95%)
May 22, 2026 21d ago	424B5 BEARISH ★ 6/10	$3.83 $3.75	▲ +2.09%	▲ +3.30%	$3.66 (+4.44%)
May 22, 2026 21d ago	424B5 NEUTRAL ★ 3/10	$3.83 $3.75	▼ −2.09%	▼ −3.30%	$3.66 (−4.44%)
May 22, 2026 22d ago	Press Release BEARISH ★ 6/10	$3.70 $3.68	▲ +0.54%	▲ +2.22%	$3.66 (+1.08%)
Mar 12, 2026 13w ago	Press Release BULLISH ★ 8/10	$3.21 $3.05	▼ −4.98%	▼ −2.87%	$3.66 (+14.02%)

US Market Status

Market Closed — Opens Mon (47h 36m)

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