---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-050877"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:22:05.818141+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shimmick enters $15M loan agreement at 12.5% with Ansley Park Capital affiliate

## Summary
- Borrowing capacity of $15M via two promissory notes maturing April 1, 2031.
- Interest rate 12.50% per annum; default rate increases by 2%.
- Proceeds to be used for project expenses and general corporate purposes.
- Loan secured by equipment and related assets; guaranteed by Shimmick and Shimmick Construction Co.

## SEC filing metadata
- accession: 0000950170-25-050877
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017025050877/0000950170-25-050877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017025050877/shim-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-050877
- JSON: https://secwatch.observer/filing/0000950170-25-050877.json
- Plain text: https://secwatch.observer/filing/0000950170-25-050877.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.