Shimmick Corp Faces Delisting Notice
Ticker: SHIM · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1887944
| Field | Detail |
|---|---|
| Company | Shimmick CORP (SHIM) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
Shimmick Corp got a notice about failing to meet listing rules - stock might be delisted.
AI Summary
Shimmick Corporation filed an 8-K on November 25, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as SCCI National Holdings, Inc., is incorporated in Delaware and headquartered in Irvine, California.
Why It Matters
This filing indicates potential issues with Shimmick Corporation's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock and operations.
Key Numbers
- 001-41867 — SEC File Number (Identifies the company's filing with the SEC.)
- 84-3749368 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Shimmick Corporation (company) — Registrant
- SCCI National Holdings, Inc. (company) — Former Company Name
- November 25, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- Irvine, CA (location) — Principal Executive Offices
FAQ
What specific listing rule or standard has Shimmick Corporation failed to satisfy?
The filing does not specify the exact rule or standard that Shimmick Corporation has failed to satisfy, only that a notice has been received.
What is the expected timeline for addressing the delisting concerns?
The filing does not provide a timeline for addressing the delisting concerns.
Has Shimmick Corporation taken any actions in response to this notice?
The filing does not detail any specific actions taken by Shimmick Corporation in response to the notice.
What are the potential consequences if the company cannot rectify the situation?
The primary consequence would be the delisting of the company's securities from the stock exchange.
When was Shimmick Corporation previously known as SCCI National Holdings, Inc.?
The company changed its name from SCCI National Holdings, Inc. on October 13, 2021.
Filing Stats: 510 words · 2 min read · ~2 pages · Grade level 14.1 · Accepted 2024-11-25 16:41:07
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share SHIM NASDAQ Indicate by
Filing Documents
- shim-20241125.htm (8-K) — 45KB
- 0000950170-24-130610.txt ( ) — 162KB
- shim-20241125.xsd (EX-101.SCH) — 27KB
- shim-20241125_htm.xml (XML) — 5KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing
Item 3.01 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 LLC ("Nasdaq"). The Common Stock will begin trading on the Capital Market at the opening of trading on November 27, 2024. The Capital Market is one of the three market tiers for Nasdaq-listed stock and is a continuous trading market that operates in substantially the same manner as the Global Market. The Common Stock will continue to trade under the symbol "SHIM" and the Company does not expect the transfer to the Capital Market to have any material impact on the trading of its Common Stock.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Shimmick Corporation Date: November 25, 2024 By: /s/ John Carpenter John Carpenter Executive Vice President and General Counsel