SIM Acquisition Corp. I (NASDAQ:SIMA) Shares Bought by Mizuho Securities USA LLC

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

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its position in SIM Acquisition Corp. I by 7.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 987,497 shares of the company's stock valued at $9,914,000 after acquiring an additional 70,000 shares during the period. LMR Partners LLP acquired a new stake in SIM Acquisition Corp. I in the 4th quarter valued at approximately $9,839,000. Wolverine Asset Management LLC increased its position in SIM Acquisition Corp. I by 14.2% in the 1st quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company's stock valued at $7,218,000 after acquiring an additional 87,845 shares during the period. Westchester Capital Management LLC increased its position in SIM Acquisition Corp. I by 225.0% in the 4th quarter. Westchester Capital Management LLC now owns 650,000 shares of the company's stock valued at $6,526,000 after acquiring an additional 450,000 shares during the period. Finally, Whitebox Advisors LLC acquired a new stake in SIM Acquisition Corp. I in the 4th quarter valued at approximately $5,020,000.

SIM Acquisition Corp. I Price Performance

Shares of SIMA stock remained flat at $10.45 during mid-day trading on Friday. SIM Acquisition Corp. I has a 1-year low of $9.95 and a 1-year high of $10.47. The firm's 50-day simple moving average is $10.43 and its 200-day simple moving average is $10.30.

SIM Acquisition Corp. I Company Profile

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.