SIM Acquisition Corp. I $SIMA Shares Acquired by Westchester Capital Management LLC

Key Points

• Westchester Capital Management LLC increased its stake in SIM Acquisition Corp. I by 73.1%, acquiring an additional 475,000 shares during the first quarter, bringing their total to 1,125,000 shares worth approximately $11.5 million.
• Several other investors, including Boothbay Fund Management LLC and Schonfeld Strategic Advisors LLC, have also taken new positions in SIM Acquisition Corp. I, indicating growing interest from institutional investors.
• SIM Acquisition Corp. I is a blank check company focused on mergers and acquisitions in the healthcare industry, currently trading at about $10.45 per share.

Westchester Capital Management LLC raised its holdings in shares of SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 73.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125,000 shares of the company's stock after buying an additional 475,000 shares during the period. Westchester Capital Management LLC owned about 3.67% of SIM Acquisition Corp. I worth $11,531,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of SIM Acquisition Corp. I during the fourth quarter valued at approximately $161,000. Boothbay Fund Management LLC bought a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $223,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $1,004,000. Mizuho Securities USA LLC increased its stake in shares of SIM Acquisition Corp. I by 399.6% in the first quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company's stock worth $1,214,000 after buying an additional 95,983 shares during the last quarter. Finally, Bulldog Investors LLP bought a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $1,506,000.

SIM Acquisition Corp. I Stock Down 0.1%

SIMA stock traded down $0.01 during trading on Friday, hitting $10.43. 150,000 shares of the company's stock traded hands, compared to its average volume of 79,126. SIM Acquisition Corp. I has a 52 week low of $9.95 and a 52 week high of $10.47. The stock has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.32.

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.