SIM Acquisition Corp. I reports change of control of Sponsor and CEO replacement following Sponsor Acquisition

SIM Acquisition Corp. I

Sponsor Acquisition closed Jan 28, 2026: Buyers acquired all membership interests in Sponsor and its managing member.
Cantor Fitzgerald agrees to reduced deferred underwriting fee: 1.5% of trust proceeds vs original $10.95M.
Erich Spangenberg resigns as Chairman and CEO; Christopher Devall appointed CEO.
Delos Cosgrove and Vincent Capone resign as directors; new directors Gorlin, Thomas, Saker, Haug to be appointed after Schedule 14F-1.
Administrative Services Agreement with SIM Management LP terminated; accrued obligations waived.

item 1.01 item 1.02 item 5.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SIM Acquisition Corp. I terminated Administrative Services Agreement with SIM Management LP (effective 2026-01-28).

Action: termination
Counterparty: SIM Management LP
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026, the Administrative Services Agreement, dated July 9, 2024, by and between the Company and SIM Management LP, an affiliate of the Sponsor, was terminated, and any accrued obligations under the Administrative Services Agreement were waived.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SIM Acquisition Corp. I entered into Fee Reduction Agreement with Cantor Fitzgerald & Co. (effective 2026-01-28).

Action: entry
Agreement: underwriting
Counterparty: Cantor Fitzgerald & Co.
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026, SIM Acquisition Corp. I (the “Company”) and SIM Sponsor 1 LLC (the “Sponsor”) entered into a fee reduction agreement (the “Fee Reduction Agreement”) with Cantor Fitzgerald & Co. (“Cantor”), as representative of the several underwriters for the Company’s initial public offering consummated on July 11, 2024.

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284 material agreements filed in the last 30 days. Browse all material agreements →

SIM Acquisition Corp. I filing history →

Source: SEC EDGAR

accession 0001213900-26-011480

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