The Law Offices of Frank R. Cruz Announces Investigation of Shimmick Corporation (SHIM) on Behalf of Investors
Shimmick Corporation (SHIM)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Shimmick Corporation (“Shimmick” or the “Company”) (NASDAQ: SHIM) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On May 13, 2024, Shimmick disclosed that it was unable to timely file its Quarterly Report for the first quarter 2024 “as a result of ongoing negotiations with the lender under the Company’s Revolving Credit Facility Agreement” and that the Company is “no longer in compliance with the leverage covenant set forth in the Revolving Credit Facility.” As a result, the Company admitted that “the lender has the right to declare all amounts outstanding immediately due and payable and terminate all commitments to extend further credit under the Revolving Credit Facility.”On this news, Shimmick’s stock price fell $1.24, or 34.1%, to close at $2.40 per share on May 14, 20
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SHIM
News
- Shimmick Announces New Interim CFO to Further Deliver on its Transformation into a Water Infrastructure CompanyGlobeNewswire
- SHIMMICK ALERT: Bragar Eagel & Squire, P.C. is Investigating Shimmick Corporation on Behalf of Shimmick Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Shimmick Corporation Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water Infrastructure [Yahoo! Finance]Yahoo! Finance
- Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water InfrastructureGlobeNewswire
SHIM
Earnings
- 5/13/24 - Miss
SHIM
Sec Filings
- 6/28/24 - Form 8-K
- 6/28/24 - Form 8-K
- 6/27/24 - Form 4
- SHIM's page on the SEC website