Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water Infrastructure
Shimmick Corporation (SHIM)
Company Research
Source: GlobeNewswire
Strengthens financial position, setting up the Company for future growth and success Board expands to include new Independent Director and new Committee focused on the long-term value creation IRVINE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a leading water infrastructure company, today announced that it has taken several key actions to enhance liquidity and deliver on its transformation into a water infrastructure company. As previously announced, Shimmick has signed an asset purchase agreement for the sale of its foundation drilling assets for a total consideration of $17.5 million. Closing of the agreement is expected by the end of this week.Shimmick has entered into an amendment to its existing credit facility with MidCap, which, among other things, cures the previously disclosed default. As a result, Shimmick expects to file its Quarterly Report on Form 10-Q for the quarter ended March 29, 2024,
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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
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Shimmick Corporation (SHIM) on Behalf of InvestorsBusiness Wire
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