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Stock impact report

SIM Acquisition Corp. I Completes $230.0 Million Initial Public Offering

SIM Acquisition Corp. I - Unit (SIMAU) 
Company Research Source: GlobeNewswire
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- SIM Acquisition Corp. I (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on July 10, 2024 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “SIMAU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “SIMA” and “SIMAW,” respectively. Of the proceeds received from the consummation Show less Read more
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