Mizuho Securities USA LLC Purchases 95,983 Shares of SIM Acquisition Corp. I (NASDAQ:SIMA)

Key Points

• Mizuho Securities USA LLC significantly boosted its stake in SIM Acquisition Corp. I by 399.6%, now owning 120,000 shares valued at approximately $1.2 million.
• Several other institutional investors also increased their positions in SIMA, with LMR Partners LLP leading by acquiring a new $9.8 million stake.
• SIM Acquisition Corp. I is focused on the healthcare industry and engages in business combinations with other companies; it currently trades at approximately $10.44.

Mizuho Securities USA LLC increased its stake in SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 399.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,000 shares of the company's stock after purchasing an additional 95,983 shares during the quarter. Mizuho Securities USA LLC owned approximately 0.39% of SIM Acquisition Corp. I worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIMA. Tidal Investments LLC acquired a new position in shares of SIM Acquisition Corp. I in the fourth quarter worth about $161,000. Boothbay Fund Management LLC acquired a new position in SIM Acquisition Corp. I in the 4th quarter worth about $223,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of SIM Acquisition Corp. I in the 4th quarter valued at $1,004,000. Bulldog Investors LLP bought a new position in shares of SIM Acquisition Corp. I in the 4th quarter valued at approximately $1,506,000. Finally, Toronto Dominion Bank acquired a new position in SIM Acquisition Corp. I during the fourth quarter valued at approximately $1,719,000.

SIM Acquisition Corp. I Stock Up 0.1%

SIM Acquisition Corp. I stock traded up $0.01 on Thursday, reaching $10.45. 6,038 shares of the stock were exchanged, compared to its average volume of 70,104. SIM Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $10.47. The firm has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.29.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company primary focus on the healthcare industry. SIM Acquisition Corp.