SIM Acquisition Corp. I Unit
SIMAU
NASDAQ Global Market10.91
USD
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SIM Acquisition Corp. I Unit
SIMAU
(NASDAQ Global Market)
Recent
price
10.91
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- SIM Acquisition Corp. I (SIMAU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting high-quality, growth-oriented private companies in the healthcare sector. Incorporated in 2024 as a Cayman Islands exempted company and headquartered at 78 SW 7th Street, Suite 500, Miami, Florida, United States, the company maintains its IPO proceeds of $230 million in a trust account pending completion of an initial business combination; units consist of one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share, with shares and warrants trading separately under tickers SIMA and SIMAW, respectively. It operates as a subsidiary of SIM Sponsor 1 LLC and pursues opportunities mainly in the United States while remaining open to select international markets, led by Chairman and CEO Erich Spangenberg, CFO and Director David Kutcher, and a board including Dr. Toby Cosgrove, Vince Capone, following the resignation of director Janine Grasso in September 2025 for personal reasons with no disagreements noted. The company completed its initial public offering of 23 million units at $10.00 each on July 11, 2024, upsized from an initial $200 million target due to full exercise of the underwriters' over-allotment option by Cantor Fitzgerald, marking a key funding milestone; as of late 2025, no business combination target has been announced despite ongoing diligence and institutional interest such as positions taken by Goldman Sachs and BCK Capital Management.