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.
With a few days passed for the dust to settle on the re-election of President Donald Trump, the market still appears to be sorting out what to expect from the future administration. While SPACs are of course impacted by all general market shifts, there are some key changes that could impact SPACs and their transactions...
A SPAC III Acquisition Corp. (NASDAQ:ASPCU) announced the pricing of its $55 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASPCU”, Friday, November 8, 2024. The new SPAC intends to seek out a target company with strong ESG principals in the material technology sector with potential for...
At the SPAC of Dawn Despite all of the worries and volatility, election week comes to an end today with de-SPACs up nearly across the board. Companies that closed SPAC transactions since 2021 are up a median +6% since their close on the eve of Tuesday’s elections and the cohort trading above $10 have seen...
Willow Lane Acquisition Corp. (NASDAQ:WLACU) announced the pricing of its $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WLACU”, Friday, November 8, 2024. The new SPAC intends to conduct a broad search to find an established middle market company valued at about $1 billion or less....
GSR III Acquisition Corp. (NASDAQ:GSRTU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GSRTU”, Thursday, November 7, 2024. The new SPAC intends to mount a broad search for a target company without limitations on a particular industry, sector or geographic region....