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

Quick Summary:

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.

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.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United States

Topics: News IPOs Press Releases SIMAW SIMAU

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 20:15:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21661530

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Official Website: benzinga.com

Year Established: 2010

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News Last Updated: 1 days ago

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