SIM Acquisition Corp. I $SIMA Shares Sold by Bulldog Investors LLP

Bulldog Investors LLP trimmed its position in shares of SIM Acquisition Corp. I (NASDAQ:SIMA) by 51.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the company’s stock after selling 214,660 shares during the quarter. Bulldog Investors LLP’s holdings in SIM Acquisition Corp. I were worth $2,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new stake in SIM Acquisition Corp. I during the second quarter worth about $3,099,000. Radcliffe Capital Management L.P. purchased a new position in shares of SIM Acquisition Corp. I in the second quarter valued at approximately $2,820,000. L1 Global Manager Pty Ltd purchased a new position in shares of SIM Acquisition Corp. I in the fourth quarter valued at approximately $2,118,000. Sculptor Capital LP acquired a new position in shares of SIM Acquisition Corp. I in the second quarter valued at approximately $1,826,000. Finally, Shaolin Capital Management LLC grew its holdings in shares of SIM Acquisition Corp. I by 101.4% in the third quarter. Shaolin Capital Management LLC now owns 201,350 shares of the company’s stock valued at $2,122,000 after purchasing an additional 101,350 shares in the last quarter.

SIM Acquisition Corp. I Trading Up 0.1%

NASDAQ:SIMA opened at $10.95 on Tuesday. SIM Acquisition Corp. I has a 12-month low of $10.10 and a 12-month high of $12.90. The stock has a fifty day moving average price of $10.89 and a 200 day moving average price of $10.77.

SIM Acquisition Corp. I (NASDAQ:SIMA) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.07 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of SIM Acquisition Corp. I from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

SIM Acquisition Corp. I Profile

SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.