other material
confidence high
sentiment positive
materiality 0.80
Shimmick Corporation completes IPO of 3.575M shares at $7.00, raising ~$23.3M
Shimmick Corp
- IPO of 3,575,000 shares at $7.00/share completed; gross proceeds ~$23.3M after underwriting discounts and before expenses.
- Underwriters have 30-day option to purchase up to 536,250 additional shares at IPO price less discounts.
- Charter and bylaws amended effective at IPO closing; preferred stock authorization, supermajority vote, and advance notice provisions added.