Every 8-K that SIM Acquisition Corp. I (SIMA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SIMA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SIMA filings page.
On October 2, 2026, SIM Acquisition Corp. I (SIMA) and American Industrial Technologies, Inc. (AIT) entered a binding letter of intent for a proposed business combination, replacing their earlier non-binding letter. AIT would merge with a newly formed, wholly owned SIM subsidiary and survive. At closing, SIM would issue AIT equity holders approximately 50,000,000 common shares, including holders of options, warrants and other convertible securities; the count gives effect to SIM’s domestication from the Cayman Islands to Nevada.
AIT CEO John Chiorando would become CEO and Chairman of the combined company. A proposed employee stock incentive plan would provide awards of up to 10.0% of fully diluted capitalization; certain significant AIT stockholders would be required to place their Transaction Shares under a 12-month lock-up from closing. Completion remains subject to customary closing conditions, including due diligence satisfactory to each party, execution of definitive documents, and shareholder and board approvals. The LOI provides for a $5,000,000 termination fee to SIM in specified circumstances and extends exclusivity through December 31, 2026.
SIM Acquisition Corp. I reported several significant actions around its SPAC structure and timeline. The company converted 3,000,000 Class B ordinary shares held by its sponsor into 3,000,000 Class A ordinary shares on May 11, 2026 under an exemption from registration. After this conversion and meeting-related redemptions, 3,552,768 Class A ordinary shares and 4,666,667 Class B ordinary shares are issued and outstanding.
Shareholders approved an amendment to extend the deadline to complete a business combination from July 11, 2026 to July 12, 2027, or an earlier date set by the board. In connection with this extension vote, holders of 22,447,232 public shares redeemed at approximately $10.79 per share, for an aggregate of about $242.2 million, leaving 552,768 public shares outstanding. Shareholders also ratified the selection of WithumSmith+Brown, PC as auditor for the year ending December 31, 2026.
SIM Acquisition Corp. I filed an update about its shareholder meeting and a proposed extension of its business combination deadline. The company has postponed its extraordinary general meeting from May 1, 2026 at 10:00 a.m. to May 7, 2026 at 3:00 p.m. Eastern Time.
At this meeting, shareholders will vote on an Extension Amendment Proposal to move the deadline to complete an initial business combination from July 11, 2026 to July 12, 2027, or an earlier date set by the board. The deadline for shareholders to exercise redemption rights tied to this vote is now May 5, 2026 at 5:00 p.m. Eastern Time.
SIM Acquisition Corp. I entered into a non-binding Letter of Intent with American Industrial Technologies, Inc. (AIT) for a potential deSPAC business combination in which SIM would acquire 100% of AIT’s equity and equity equivalents, subject to negotiation and signing of definitive agreements.
AIT, which will operate Q1, is described as a 33-year telecommunications leader with an integrated platform across manufacturing, logistics, distribution, and connected device ecosystems, serving Tier 1 and Tier 2 carriers in the United States, Europe, and Latin America. The parties agreed to an initial 45-day exclusivity period, automatically extendable by 15 days if they continue working in good faith toward a transaction, while most LOI terms remain non-binding until definitive documents are executed.