$SHIM

Shimmick Corp

0
0
2

No SEC Form 4 filings for $SHIM in the last 30 days.

High

Army Corps Terminates Shimmick From Chickamauga Dam Lock Chamber Contract

The U.S. Army Corps of Engineers terminated Shimmick from a $309 million Chickamauga Dam lock chamber contract, alleging the contractor failed to prosecute work diligently, maintain the schedule and correct deficiencies. The contract required completion by Jan. 27, 2026. The Corps said the overall project costs about $954 million and targets an operational navigation lock in 2028. Shimmick disputes the termination and plans to appeal within 90 days.

Shimmick raises $12.2M in stock sale for working capital

Shimmick (NASDAQ: SHIM) announced the pricing of an underwritten public offering of 3,730,000 common shares at $3.50 per share, aiming to raise approximately $12.2 million in net proceeds. These funds are intended for working capital and general corporate purposes. The offering includes a 30-day option for underwriters to purchase an additional 559,500 shares and is expected to close on May 26, 2026.

[Form 4] Shimmick Corp Insider Trading Activity

Shimmick Corp's Chief Operating Officer, Sarah Beth Tacker, has been granted two new Restricted Stock Unit (RSU) awards, totaling 88,652 RSUs and 26,596 RSUs. These RSUs will vest and convert into common stock based on her continued service, with vesting dates in May 2026 and April 2027. This insider activity indicates equity compensation rather than direct stock purchases or sales.

News on $SHIM