SIM Acquisition Dips, SPAC Deal Timing Back in View on Light Float
SIM Acquisition Corp. I closed at $10.76 Friday, down 0.2% on thin volume of about 590 shares. Public float fell to 552,768 shares after shareholders redeemed 22.45 million shares for $242.2 million earlier this month. SIM remains under a non-binding letter of intent to acquire American Industrial Technologies. Shareholders extended the merger deadline to July 2027.