Wolverine Asset Management LLC Has $7.22 Million Stock Holdings in SIM Acquisition Corp. I (NASDAQ:SIMA)

Key Points

• Wolverine Asset Management LLC increased its holdings in SIM Acquisition Corp. I by 14.2% in Q1, acquiring an additional 87,845 shares, bringing its total ownership to 706,302 shares valued at approximately $7.2 million.
• Other large investors also made significant new investments in SIM Acquisition Corp. I in Q4, with total new stakes adding up to millions, indicating growing institutional interest.
• SIM Acquisition Corp. I's stock has traded in a narrow range between a one-year low of $9.95 and a high of $10.47, with a recent trading price opening at $10.42.

Wolverine Asset Management LLC lifted its position in shares of SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 14.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,302 shares of the company's stock after acquiring an additional 87,845 shares during the quarter. Wolverine Asset Management LLC owned 2.30% of SIM Acquisition Corp. I worth $7,218,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SIMA. LMR Partners LLP acquired a new position in SIM Acquisition Corp. I in the 4th quarter valued at $9,839,000. Whitebox Advisors LLC purchased a new stake in SIM Acquisition Corp. I during the 4th quarter worth $5,020,000. Westchester Capital Management LLC boosted 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 buying an additional 450,000 shares during the last quarter. Quarry LP purchased a new position in SIM Acquisition Corp. I in the 4th quarter valued at about $2,510,000. Finally, Toronto Dominion Bank bought a new position in shares of SIM Acquisition Corp. I during the fourth quarter worth about $1,719,000.

SIM Acquisition Corp. I Price Performance

SIMA traded up $0.01 on Tuesday, hitting $10.44. 473,074 shares of the company's stock were exchanged, compared to its average volume of 53,594. The stock has a fifty day moving average of $10.43 and a two-hundred day moving average of $10.29. SIM Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $10.47.

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.