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.
At the SPAC of Dawn As the market goes through a cooling period this week, new readouts for jobless claims and new home sales are set to hit later today. Jobless claims are of course something of a proxy indicator for SPACs as to when the Fed might continue to its rate-cutting process, while home...
Bold Eagle Acquisition Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BEAGU”, Thursday, October 24, 2024. The new SPAC plans to search for a combination target valued at $3 billion or more that would benefit from the relationships and experience...
Oaktree Acquisition Corp. III Life Sciences announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OACCU”, Thursday, October 24, 2024. The new SPAC plans to combine with a healthcare target or one in a healthcare-related industry in North America or Europe. The...
Translational Development (NASDAQ:TDACU) has filed for a $150 million IPO to extend underwriter BTIG’s strong three-month streak where it has represented nearly a third of new SPAC S-1s. This is BTIG’s fifth SPAC filed since August 8, and these have each borne some similar features. All have overfunded their trust slightly – Translational is overfunding...
At the SPAC of Dawn Pioneering an entirely new type of aircraft is necessarily a process fraught with turbulence, but eVTOL makers got a major lift Tuesday as the Federal Aviation Administration published its final ruling on “powered-lift” vehicles. This rule brings much needed clarity to the agency’s requirements for pilot training and operations and...