L1 Global Manager Pty Ltd Acquires New Stake in SIM Acquisition Corp. I $SIMA

L1 Global Manager Pty Ltd acquired a new stake in shares of SIM Acquisition Corp. I (NASDAQ:SIMA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 200,000 shares of the company’s stock, valued at approximately $2,118,000. SIM Acquisition Corp. I accounts for 1.4% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 15th biggest holding.

A number of other large investors also recently bought and sold shares of the business. Wolverine Asset Management LLC boosted its holdings in SIM Acquisition Corp. I by 1.2% during the 4th quarter. Wolverine Asset Management LLC now owns 732,459 shares of the company’s stock valued at $7,757,000 after acquiring an additional 8,514 shares during the period. Hudson Bay Capital Management LP boosted its holdings in SIM Acquisition Corp. I by 101.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 597,018 shares of the company’s stock valued at $6,269,000 after acquiring an additional 300,000 shares during the period. Radcliffe Capital Management L.P. boosted its holdings in SIM Acquisition Corp. I by 88.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 510,032 shares of the company’s stock valued at $5,376,000 after acquiring an additional 239,453 shares during the period. Shaolin Capital Management LLC boosted its holdings in SIM Acquisition Corp. I by 101.4% during the 3rd quarter. Shaolin Capital Management LLC now owns 201,350 shares of the company’s stock valued at $2,122,000 after acquiring an additional 101,350 shares during the period. Finally, Sculptor Capital LP purchased a new position in SIM Acquisition Corp. I during the 2nd quarter valued at $1,826,000.

Analyst Upgrades and Downgrades

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

SIM Acquisition Corp. I Stock Performance

Shares of NASDAQ SIMA opened at $10.89 on Friday. SIM Acquisition Corp. I has a 1-year low of $10.10 and a 1-year high of $12.90. The business has a fifty day moving average price of $10.84 and a 200 day moving average price of $10.71.

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

About SIM Acquisition Corp. I

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.