SIM Acquisition Corp. I holder Magnetar at 0%
Rhea-AI Filing Summary
SIM Acquisition Corp. I (SIMA) received an amended Schedule 13G filing (Amendment No. 1) in which Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman report that, as of June 30, 2026, they collectively beneficially owned 0 shares of SIMA common stock.
The reporting group states it now has 0% beneficial ownership of SIMA’s common stock, with no sole or shared voting or dispositive power over any shares, indicating its position has fallen to or remains at 5% or less of the class.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 0 shares
Percent of class owned: 0%
Sole voting power: 0 shares
+1 more
4 metrics
Beneficially owned shares
0 shares
SIMA common stock beneficially owned by each reporting person as of June 30, 2026
Percent of class owned
0%
Approximate percentage of SIMA common stock class owned by the reporting persons as of June 30, 2026
Sole voting power
0 shares
Shares of SIMA over which each reporting person has sole power to vote
Shared voting power
0 shares
Shares of SIMA over which each reporting person has shared power to vote
Key Terms
beneficial owner, Rule 13d-3(d)(1)(i), Ownership of 5 percent or less of a class, Power of Attorney, +1 more
5 terms
beneficial owner financial
"each of the Reporting Persons were deemed to be the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Rule 13d-3(d)(1)(i) regulatory
"calculated pursuant to Rule 13d-3(d)(1)(i) of the outstanding shares"
Ownership of 5 percent or less of a class regulatory
"Item 5. | Ownership of 5 percent or less of a class."
Power of Attorney regulatory
"99.2 Power of Attorney, dated as of December 22, 2022"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
Joint Filing Agreement regulatory
"99.1 Joint Filing Agreement, dated as of September 4, 2026"
FAQ
Who are the reporting persons in this SIMA Schedule 13G/A filing?
The reporting persons are Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. Magnetar Financial serves as investment adviser to certain Magnetar funds, and the other entities sit above it in the ownership structure.
What percentage of SIMA common stock do the reporting persons now own?
They report beneficial ownership of approximately 0% of SIM Acquisition Corp. I’s common stock. The filing states that the shares held for the Magnetar funds’ accounts represent approximately 0% of SIMA’s total shares outstanding, calculated under Rule 13d-3(d)(1)(i).
What addresses are listed for SIMA and the reporting persons in this 13G/A?
SIM Acquisition Corp. I’s principal executive offices are at 725 Fifth Ave, 22nd Floor, New York, NY 10022. The principal business office for Magnetar Financial, Magnetar Capital Partners, Supernova Management, and David J. Snyderman is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
Who signed the SIMA Schedule 13G/A on behalf of the reporting persons?
The filing is signed by Hayley Stein, identified as attorney-in-fact for David J. Snyderman, the administrative manager of Supernova Management LLC. Signatures for the entities reflect their internal chain of authority, including Magnetar Capital Partners LP and Supernova Management LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.