Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water Infrastructure [Yahoo! Finance]
Shimmick Corporation (SHIM)
Company Research
Source: Yahoo! Finance
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, today, May 20, 2024, with no changes to its previously announced financial results. Shimmick has entered into agreements with AECOM (“AECOM”), to resolve the ongoing lawsuit relating to the purchase and
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SHIM
News
- Shimmick Co. (NASDAQ: SHIM) had its price target lowered by analysts at Craig Hallum from $4.00 to $3.00. They now have a "hold" rating on the stock.MarketBeat
- Shimmick Co. (NASDAQ: SHIM) had its price target lowered by analysts at Roth Mkm from $3.50 to $3.00. They now have a "neutral" rating on the stock.MarketBeat
- Shimmick Corporation Announces Second Quarter 2024 Results - Provides Update on Transformation PlanGlobeNewswire
- Shimmick Corporation Announces Updated Second Quarter 2024 Earnings Conference Call DateGlobeNewswire
- Shimmick Corporation (SHIM): Did Street Analysts Give This New Penny Stock a Buy Rating? [Yahoo! Finance]Yahoo! Finance
SHIM
Earnings
- 8/15/24 - Miss
SHIM
Sec Filings
- 9/27/24 - Form SC
- 9/26/24 - Form 8-K
- 8/23/24 - Form 4
- SHIM's page on the SEC website