Every 8-K that SIM Acquisition Corp. I (SIMAU) 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 SIMAU 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 SIMAU filings page.
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.
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 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.
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.