Welcome to our dedicated page for Sim Acquisition I SEC filings (Ticker: SIMA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SIM Acquisition Corp. I filings document the regulatory record for a Cayman Islands SPAC with Nasdaq-listed ordinary shares, units and redeemable warrants. Its Forms 8-K report material events such as administrative services arrangements, working-capital financing, underwriter-fee arrangements, shareholder-meeting postponements and other governance matters.
The company's proxy materials describe shareholder voting matters tied to the SPAC structure, including extension proposals and meeting mechanics. Its filings also disclose security structure, sponsor-related arrangements, emerging-growth-company status, capital-structure terms for warrants and ordinary shares, and corporate matters related to the pursuit of an initial business combination.
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.
Picton Mahoney Asset Management reports beneficial ownership of 1,300,000 Class A ordinary shares of SIM Acquisition Corp. I, equal to 5.65% of the Class A shares. The filing states shares outstanding were 23,000,000 as of March 31, 2026. The Schedule 13G/A amendment is signed by the filer’s General Counsel certifying the disclosure.
SIM Acquisition Corp. I filed an update stating it has postponed its extraordinary general meeting of shareholders from April 23, 2026 to May 1, 2026 at 10:00 a.m. Eastern Time. The meeting will consider an Extension Amendment Proposal to move the deadline to complete an initial business combination from July 11, 2026 to July 12, 2027, as well as an auditor ratification proposal and other matters.
The deadline for shareholders to exercise redemption rights in connection with the Extension Amendment Proposal is now April 29, 2026 at 5:00 p.m. Eastern Time. The company previously filed and mailed a definitive proxy statement to shareholders of record as of March 25, 2026.
SIM Acquisition Corp. I is postponing its extraordinary general meeting in lieu of an annual general meeting of shareholders from April 16, 2026 at 10:00 a.m. Eastern Time to April 23, 2026 at 10:00 a.m. Eastern Time.
The meeting will consider, among other items, an Extension Amendment Proposal to move the deadline to complete an initial business combination from July 11, 2026 to July 12, 2027, subject to the board’s discretion. The deadline for shareholders to exercise redemption rights tied to this vote is extended to April 21, 2026 at 5:00 p.m. Eastern Time.
SIM Acquisition Corp. I is asking shareholders to approve a Charter Extension, moving its SPAC business-combination deadline from July 11, 2026 to July 12, 2027. Without this extension, the company would wind up, redeem all public shares and liquidate.
Holders of the 23,000,000 Class A ordinary shares may redeem in connection with the extension at about $10.75 per share, compared with a recent market price of $10.71. The proxy also seeks ratification of WithumSmith+Brown, PC as auditor for 2026 and approval to adjourn the meeting if there are not enough votes for the extension.
The filing details a January 28, 2026 sponsor change, new board and CEO appointments, and warns of high SPAC redemption trends, potential Nasdaq delisting if no deal is completed within 36 months of the IPO effectiveness, and the risk that heavy redemptions could limit the ability to close a desirable business combination.
SIM Acquisition Corp. I is a Cayman Islands SPAC that raised $230,000,000 in its July 2024 IPO and placed the proceeds in a trust account. As of December 31, 2025, the trust held about $10.59 per public share and approximately $245.1 million was available for a business combination before deferred underwriting commissions and taxes.
On January 28, 2026, new investors acquired all interests in the sponsor, triggering a leadership change and a shift in strategy away from healthcare toward U.S.-focused businesses that support domestic manufacturing, innovation ecosystems, and critical supply chains. The underwriters agreed to reduce deferred fees from $10,950,000 to a cash fee equal to 1.5% of trust funds delivered at closing of the initial business combination.
The company entered a new administrative services agreement with Dominari Holdings Inc. at $20,000 per month and issued a $1,500,000 promissory note to the sponsor bearing 12% interest with a 5% original issue discount, due at the earlier of a business combination or liquidation. SIM Acquisition must complete an initial business combination by July 11, 2026 or redeem public shares and liquidate the trust, subject to shareholder-approved extensions and Nasdaq’s 36-month SPAC completion requirement.
SIM Acquisition Corp. I entered into a new administrative services agreement with Dominari Holdings Inc., under which it will pay $20,000 per month for office space, utilities, and administrative support until either it completes an initial business combination or is liquidated.
The company also issued a master promissory note to SIM Sponsor 1 LLC for working capital, allowing drawdowns up to $1,500,000. The note carries 12% annual interest, includes a 5.0% original issue discount, and matures on the earlier of the closing of a business combination or the company’s liquidation. Both Dominari and the lender waive any claims to funds held in the SPAC’s trust account, protecting amounts reserved for public shareholders.
SIM Acquisition Corp. I reported an internal restructuring transaction involving its sponsor. SIM Sponsor 1 LLC, a ten percent owner, recorded an "other" transaction in which 120,000 Class B ordinary shares were assigned to the reporting persons for no consideration by two resigning directors. Following this transfer, the reporting persons together held 7,646,669 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis and have no expiration date.
SIM Acquisition Corp. I is asking shareholders to approve an amendment to its Charter to extend the deadline to complete an initial business combination from July 11, 2026 to July 12, 2027
The Special Meeting will also vote to ratify the auditor and to authorize an adjournment if more votes are needed. Public shareholders may redeem their Public Shares for a pro rata portion of funds in the trust account if the extension is approved. The filing discloses a change in sponsor ownership and management: the Sponsor was acquired on January 28, 2026, executives including the prior CEO and two directors resigned, Christopher Devall was appointed CEO, and four new directors were appointed effective March 7, 2026. Shares outstanding on the Record Date were 23,000,000 Class A and 7,666,667 Class B.
SIM Acquisition Corp. I discloses a change in a majority of its board of directors following a Sponsor Acquisition. The Sponsor now holds 7,526,669 Class B Ordinary Shares (97.4% of Class B) and 24.5% of outstanding Ordinary Shares. The Sponsor Acquisition closed on January 28, 2026, and certain officers resigned that day, including the Chairman and CEO.
The Information Statement states that Anthony Hayes, Jarrett Gorlin, Matthew Saker and Kyle Haug will join the Board and that these Designees and David Kutcher will constitute the entire Board ten (10) days after the filing of this Schedule 14F and the mailing of this Information Statement to holders of record as of February 25, 2026 (the Director and Officer Handover Date). The filing describes prior director resignations, appointment biographies, voting structure for Class A and Class B Ordinary Shares, outstanding warrants, related-party arrangements, and certain governance policies.