Context Capital Management LLC Has $2.85 Million Stock Holdings in SIM Acquisition Corp. I $SIMA

Context Capital Management LLC decreased its holdings in shares of SIM Acquisition Corp. I (NASDAQ:SIMA) by 27.0% in the third quarter, Holdings Channel reports. The firm owned 270,000 shares of the company’s stock after selling 100,000 shares during the quarter. Context Capital Management LLC’s holdings in SIM Acquisition Corp. I were worth $2,846,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BCK Capital Management LP acquired a new position in shares of SIM Acquisition Corp. I in the 2nd quarter worth approximately $521,000. Berkley W R Corp boosted its stake in SIM Acquisition Corp. I by 23.5% in the 2nd quarter. Berkley W R Corp now owns 521,518 shares of the company’s stock valued at $5,435,000 after buying an additional 99,390 shares in the last quarter. Shaolin Capital Management LLC bought a new stake in SIM Acquisition Corp. I in the second quarter valued at $1,042,000. Sculptor Capital LP acquired a new position in SIM Acquisition Corp. I during the second quarter worth $1,826,000. Finally, Radcliffe Capital Management L.P. acquired a new position in SIM Acquisition Corp. I during the second quarter worth $2,820,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

SIM Acquisition Corp. I Stock Up 0.0%

SIMA stock opened at $10.77 on Wednesday. The business has a fifty day moving average price of $10.65 and a 200 day moving average price of $10.57. SIM Acquisition Corp. I has a fifty-two week low of $10.14 and a fifty-two week high of $10.77.

SIM Acquisition Corp. I Profile

SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.