SIM Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SIMAU”, Wednesday, July 10, 2024.
The new SPAC aims to combine with a healthcare company with an attractive established position.
SIM I’s sponsor team is to be led by Chairman and CEO Erich Spangenber and CFO and Director David Kutcher. Its Board is to be made up of nominees Delos (“Toby”) Marshall Cosgrove, M.D., Janine Grasso and Vincent Capone.
Total SPAC deal count for 2024 year-to-date is now 18. This offering is expected to close on Thursday, July 11, 2024.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Withum Smith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
This week, the SPACInsider Podcast delves into some of the tax and accounting issues that SPAC teams should be considering as we approach both the Presidential election and the end of 2024. Mark Deters and Ryan Bixenman, partners at WithumSmith+Brown, join us to help break it all down. For example, what does it mean for...
At the SPAC of Dawn Trump Media (NASDAQ:DJT) is back on a tear, rising +18.5% in yesterday’s trading and a further +8% in the pre-market. This brings it above $32 for the first time since July and could reflect optimism about Donald Trump’s presidential bid, enthusiasm for the company’s new web-streaming Truth+ TV service (see...
At the SPAC of Dawn Today kicks off with an SEC holiday that may cool activity until Tuesday, but SPACs have still scheduled a pair of extension votes and completion votes this week, most of which are scheduled for tomorrow. Tuesday is also to play host to a vote for Investcorp India (NASDAQ:IVCA) shareholders to...
Terms Tracker for the Week Ending October 11, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was sandwiched in between the Rosh Hashanah and Yom Kippur holidays, and as such, it was on the lighter side for news. In...
Much has been written about the rise and fall of companies from the last SPAC cycle. But, the turning tides of the past month would seem to suggest that perhaps more than a SPAC-specific trend, what the market saw was mostly macro factors all along. In the aggregate, the 199 companies that listed via DeSPAC...