Shimmick Corporation

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Company Name	Shimmick Corporation
Stock Symbol	SHIM

On May 13, 2024, Shimmick disclosed that it was unable to timely file its Quarterly Report for the first quarter 2024 “as a result of ongoing negotiations with the lender under the Company’s Revolving Credit Facility Agreement” and that the Company is “no longer in compliance with the leverage covenant set forth in the Revolving Credit Facility.” As a result, the Company admitted that “the lender has the right to declare all amounts outstanding immediately due and payable and terminate all commitments to extend further credit under the Revolving Credit Facility.”

On this news, Shimmick’s stock price fell $1.24, or 34.1%, to close at $2.40 per share on May 14, 2024, thereby injuring investors.

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If you suffered a loss on your Shimmick Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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