SIM Acquisition Corp. I completes $230M IPO; units begin trading on Nasdaq

SIM Acquisition Corp. I

23M units sold at $10.00 each, including 3M over-allotment units exercised in full by underwriters.
Gross proceeds $230M; $230M placed in trust; private placement of 6M warrants at $1.00 each raised $6M.
CEO Erich Spangenberg and CFO David Kutcher lead management; board includes Dr. Delos Cosgrove.
Company's primary focus is a business combination in the healthcare industry.
Units (SIMAU), ordinary shares (SIMA), and warrants (SIMAW) listed on Nasdaq.

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