and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

Entry into a Material Definitive Agreement. On May 22, 2026, Shimmick Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Roth Capital Partners, LLC, as the underwriter named therein (the “Underwriter”), in connection with an underwritten public offering of 3,730,000 shares of the Company’s common stock, par value $0.01 per share (the “Shares”), at a public offering price of $3.50 per Share. Under the terms of the Underwriting Agreement, the…

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

Chief Operating Officer — Sarah Tacker: Shimmick Corporation appointed Sarah Tacker as the Executive Vice President and Chief Operating Officer from an external position.

Director — Steven Richards: Mr. Steven Richards is retiring from the Board after a long tenure, including his service as CEO.

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

Other Events. On September 8, 2025, Shimmick Corporation (the “Company”) entered into an At The Market Offering Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (the “Sales Agent”). Pursuant to the Sales Agreement, the Sales Agent will act as the Company’s agent with respect to an offering and sale, at any time and from time to time, of the Company’s common stock, par value $0.01 per share (the “Shares”). The Company has authorized the sale, at its discretion, of Shares in an…

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company includes backlog and new awards data in the Earnings Rele…

Chief Financial Officer — Todd Yoder: Todd Yoder was appointed as the Chief Financial Officer of Shimmick Corporation.

Entry into a Material Definitive Agreement. On March 31, 2025 (the “Closing Date”), Shimmick Corporation (the “Company”), through two of its wholly-owned subsidiaries (the “Borrowers”), and an affiliate of Ansley Park Capital LLC (the “Lender”) entered into a Loan and Security Agreement (the “Loan Agreement”) which provides for a borrowing capacity of $15.0 million as evidenced by two promissory notes (each, a “Promissory Note,” and together, the “Promissory Notes”). The Company intends to us…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 25, 2024, Shimmick Corporation (the “Company”) received notification that its voluntary application to transfer the listing of its Common Stock, par value $0.01 per share (the “Common Stock”), from The Nasdaq Global Market (the “Global Market”) to The Nasdaq Capital Market (the “Capital Market”) had been approved by the Listing Qualifications Department of The Nasdaq Stock Market L…

CEO — Steve Richards: Steve Richards is retiring as CEO, and Ural Yal has been appointed as the new CEO.

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Results of Operations and Financial Condition. On November 4, 2024, Shimmick Corporation (the "Company") issued a press release providing an update on various company matters, including the settlement of disputes related to the Golden Gate Bridge Project and its transformation plan progress, as well as certain preliminary financial results for its fiscal quarter ended September 27, 2024. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Entry into a Material Definitive Agreement. On September 25, 2024 (the “Amendment Effective Date”), Shimmick Corporation (the “Company”), entered into an amendment of the MidCap Revolving Credit Facility to provide for a borrowing capacity of $15 million and an extension of the maturity date to December 31, 2024. The Company also entered into an amendment to its existing credit facility, the AECOM and Berkshire Hathaway Specialty Insurance Company ("BHSI") Credit Facility. A summary of the am…

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Chief Financial Officer — Devin J. Nordhagen: Mr. Nordhagen departed as the Chief Financial Officer, and no permanent successor was named.

Other Events. On May 21, 2024, Shimmick Corporation (the “Company”) closed the previously announced asset purchase agreement for the sale of its foundation drilling assets for a total consideration of $17.5 million, consisting of $15 million in cash and a $2.5 million promissory note with the final installment payment due by December 27, 2024. The Company will use $10 million of the proceeds to repay borrowings under the existing Revolving Credit Facility with MidCap Financial Services, LLC a…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Termination of a Material Definitive Agreement. In connection with the Company’s entry into the Credit Agreement, the Company terminated the Financing Agreement, dated March 26, 2024, by and among the Company and its subsidiaries, BHSI, National Liability & Fire Insurance Company, National Indemnity Company and any and all affiliates, subsidiaries, successors and assigns thereof (the “BHSI Financing Agreement”), whereupon all obligations of the Company and its subsidiaries under the BHSI Fina…

Director — Peter Kravitz: The company appointed Peter Kravitz as an independent director and increased the board size from six to seven members.