Street Calls of the Week
Sim Acquisition Corp. I (NASDAQ:SIMAU) reported the resignation of Janine Grasso from its board of directors, effective immediately as of Thursday. According to a statement included in a Securities and Exchange Commission filing, Grasso also stepped down from her roles on the company’s audit and compensation committees.
The company stated that Grasso’s resignation was due to personal reasons and did not result from any disagreement with Sim Acquisition Corp. I regarding its operations, policies, or practices. The company indicated its intention to seek a new director who meets the independence requirements of the Nasdaq Stock Market’s corporate governance standards.
Sim Acquisition Corp. I is a blank check company incorporated in the Cayman Islands and headquartered in Miami, Florida. Its securities are listed on the Nasdaq Stock Market under the symbols SIMAU for its units, SIMA for its Class A ordinary shares, and SIMAW for its redeemable warrants. For deeper insights into SIMAU’s valuation and additional financial metrics, explore InvestingPro, which offers 5 more exclusive tips about this company.
This information is based on a statement provided in a press release and the company’s recent SEC filing.
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