Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SHIM | Common Stock | Other | +2.6M | +50.55% | 7.75M | Jun 26, 2024 | Direct | F1 |
Id | Content |
---|---|
F1 | On May 20, 2024, the Reporting Person entered into a share issuance agreement with Shimmick Corporation (the "Issuer"), pursuant to which the Issuer agreed to issue an aggregate of 7,745,000 shares of common stock to the Reporting Person (the "Shares") in exchange for the Reporting Person granting releases to the Issuer in connection with resolving certain litigation matters between the Reporting Person and the Issuer pursuant to a settlement and release agreement. 5,144,622 of the Shares were issued to the Reporting Person on May 20, 2024. Issuance of the remaining 2,600,378 Shares (the "Additional Shares") was subject to approval of the Issuer's stockholders, pursuant to Nasdaq listing requirements. At a special meeting of stockholders held on June 26, 2024, the Issuer's stockholders approved the issuance of the Additional Shares. The Additional Shares were issued to the Reporting Person on June 26, 2024. |