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 files an amended Schedule 13G/A reporting beneficial ownership of 7,526,669 founder Class B ordinary shares. The filing states those Class B shares convert one-for-one into Class A ordinary shares and represent 24.7% of Class A shares outstanding on November 13, 2025 assuming conversion. The Schedule discloses that, following purchases of membership interests in the sponsor, the Buyers now own all sponsor membership interests and that Eric Newman is the managing member with voting and investment discretion over the reported shares.
SIM Acquisition Corp. I reported an administrative change in the control of its sponsor entity rather than a traditional buy or sell of shares. The Form 4 shows a code J "other" transaction involving Class B ordinary shares, with 7,526,669 Class B ordinary shares reported as held directly after the event.
Footnotes explain that on January 28, 2026, certain accredited investors acquired all membership interests in SIM Sponsor 1 LLC and in Conroy Partners LLC, the sponsor’s managing member. As a result, Eric Newman became the manager of Conroy Partners LLC and now holds voting and investment discretion over the ordinary shares held of record by the sponsor, and may be deemed to beneficially own those securities to the extent of his pecuniary interest, which he otherwise disclaims.
The filing also notes that the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to adjustments, and that these Class B shares have no expiration date.
Acquisition Corp. I filed an initial insider ownership report for its Chief Executive Officer, Christopher Franklin Devall. The filing states that, as of the reported event date, the CEO beneficially owns no shares or derivative securities of Acquisition Corp. I.
Acquisition Corp. I reported several changes tied to a sponsor ownership transition, including revised underwriting fees, leadership turnover and new board appointments. The company and its sponsor agreed with Cantor Fitzgerald to replace the original deferred underwriting commission of $10,950,000 with a cash fee equal to 1.5% of the amounts released from the trust account at the initial business combination closing, with Cantor able to demand the original fee if the reduced fee is not fully paid.
The company terminated its Administrative Services Agreement with an affiliate of the sponsor, with all accrued obligations under that agreement waived. In connection with a sponsor acquisition, the chairman/CEO and two directors resigned, a new CEO, Christopher Devall, was appointed, and four new directors are slated to join following the mailing of a Schedule 14F-1. Accredited investors now own all membership interests in the sponsor, and the sponsor acquired 2,000,000 private placement warrants from Cantor.
SIM Acquisition Corp. I filed its quarterly report, showing typical SPAC activity with interest income driving results while it searches for a target. Net income was $2.25 million for the quarter, reflecting $2.51 million of interest earned on the Trust Account and $258,011 of general and administrative expenses. For the nine months, net income totaled $6.77 million.
Assets included $242.78 million held in the Trust Account as of September 30, 2025, tied to 23,000,000 Class A shares that are redeemable at $10.55 per share. Cash outside the trust was $169,145 with working capital surplus of $290,658. Deferred underwriting fees remain $10.95 million. Warrants outstanding were 11,500,000 public and 6,000,000 private.
Management states that mandatory liquidation if no business combination is completed by July 11, 2026 raises substantial doubt about the company’s ability to continue as a going concern. As of November 13, 2025, shares outstanding were 23,000,000 Class A and 7,666,667 Class B.
SIM Acquisition Corp. I reported insider activity on a Form 4. On 10/30/2025, the reporting persons acquired 60,000 Class B ordinary shares coded “J” via assignment for $0 consideration. These Class B shares are convertible into Class A on a one‑for‑one basis and have no expiration date.
Following the transaction, the filing lists 7,526,669 derivative securities beneficially owned. The relationship boxes identify roles including Director, 10% owner, and Chief Executive Officer. The conversion terms are subject to adjustments as disclosed.