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Shimmick Corporation Secures $14.3 Million in Loan Funding

PUBLIC · SHIMOct 02, 2026

Amount Raised

$14.3 Million

Round Type

Debt Financing

IrvineWaterWater Purification

Investors

Sixty-First Commercial Finance, LLC

Description

On October 2, 2026, Shimmick Corporation entered into a Loan and Security Agreement with Sixty-First Commercial Finance, LLC. The agreement allows for a borrowing capacity of $14.3 million to be used for project expenses and general corporate purposes. The loan matures on October 2, 2031, accruing interest at 9.31% per annum.

Company Information

Company

Shimmick Corporation

Location

Irvine, California, United States

About

Shimmick (NASDAQ: SHIM) is a leading provider of water infrastructure solutions nationwide. Shimmick has a long history of working on complex water projects, ranging from the world’s largest wastewater recycling and purification system in California to the iconic Hoover Dam. According to Engineering News Record, in 2023, Shimmick was nationally ranked as a top ten builder of water supply (#6), dams and reservoirs (#7), and water treatment and desalination plants (#7). Shimmick is led by industry veterans, many with over 20 years of experience, and works closely with its customers to deliver complete solutions, including long-term operations and maintenance.

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Shimmick Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.