SIM Acquisition Corp. I, a blank check company, announced the pricing of its initial public offering (IPO) at $200 million. The IPO comprises 20,000,000 units listed on Nasdaq under the ticker symbol SIMAU. Each unit includes one Class A ordinary share and one-half of a redeemable warrant to purchase another Class A share at $11.50 per share. The company focuses on potential mergers, acquisitions, or other business combinations, primarily targeting the healthcare industry. Erich Spangenberg serves as Chairman and CEO, and David Kutcher is the CFO and Director. Cantor Fitzgerald is the sole book-running manager, and additional oversubscription options include up to 3,000,000 units. The offering is expected to close by July 11, 2024, pending customary conditions.

Healthcare, Investment,United States

https://mergersacquisitions.einnews.com/pr_news/726357758/sim-acquisition-corp-i-announces-the-pricing-of-200-000-000-initial-public-offering?ref=rss&ecode=Q1vNcweEggLWKz7L&utm_source=RSSNews&utm_medium=rss&utm_campaign=Mergers+%26+Acquisitions+News&utm_content=article