SIM Acquisition Corp. I closes IPO of 23M units for $230M gross proceeds

SIM Acquisition Corp. I

Sold 23,000,000 units at $10.00 each, including full over-allotment; gross proceeds $230,000,000.
Private placement of 6,000,000 warrants at $1.00 each to sponsor and Cantor Fitzgerald raised $6,000,000.
$230,000,000 deposited into trust account held by Continental Stock Transfer & Trust Company.
Audited balance sheet: total assets $232.0M, total liabilities $11.6M, accumulated deficit $9.6M.
Class A ordinary shares subject to possible redemption of $230M; 7,666,667 Class B shares outstanding.

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