01 Nov $97M Settlement Reached on Golden Gate Bridge Project
Shimmick announced a $97 million settlement with the Golden Gate Bridge, Highway and Transportation District related to the suicide deterrent net project. The agreement resolves outstanding claims from the legacy project.
The settlement improves Shimmick’s liquidity and frees up operational focus for current and future work. It represents a key milestone in the company’s post-IPO transformation and strategic repositioning.
With this resolution, Shimmick can fully focus on its growing backlog of mission-critical infrastructure projects, supported by a strengthened balance sheet and operational clarity.