secwatch.observer — SEC 8-K summary
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Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0000950170-25-050877
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000095017025050877/0000950170-25-050877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000095017025050877/shim-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-050877

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