secwatch / observer
8-K filed March 24, 2026, 7:59 PM ET ticker SIMA CIK 0002014982
other material confidence high sentiment neutral materiality 0.50

SIM Acquisition Corp. I secures $1.5M sponsor note and admin services deal

SIM Acquisition Corp. I

Machine-readable event card

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secwatch.filing_event.v1
accession
0001213900-26-033618
form_type
8-K
ticker
SIMA
cik
0002014982
company_name
SIM Acquisition Corp. I
filed_at
2026-03-24T23:59:59+00:00
discovered_at
2026-05-14T18:02:36.995660+00:00
generated_at
2026-05-15T09:16:26.202831+00:00
sec_items
["1.01", "2.03", "9.01"]
event_type
other_material
sentiment
neutral
materiality_score
0.5
calibrated_materiality_score
0.5
confidence
high
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https://secwatch.observer/filing/0001213900-26-033618
json_url
https://secwatch.observer/filing/0001213900-26-033618.json
markdown_url
https://secwatch.observer/filing/0001213900-26-033618.md
text_url
https://secwatch.observer/filing/0001213900-26-033618.txt
edgar_index_url
https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/0001213900-26-033618-index.htm
edgar_primary_document_url
https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/ea0283136-8k_simacq1.htm
generated_by_model
deepseek-v4-flash:cloud@v2
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machine_generated
human_reviewed
false
corrected
false
correction_note
null
correction_timestamp
null
superseded_by
null

Source-grounded claims

aa9d9d33c0ef1b764ee3cd7fa00dbfdeda117f01

SIM Acquisition Corp. I incurred loan of up to $1,500,000 with Sponsor at 12% per annum, based on actual days / 360 and there is a 5.0% original issue dis maturing upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

Comparable filings

MSPR

MSP Recovery secures $275K in discretionary advances from Hazel and Virage; appoints CRO amid liquidity strain

MSP Recovery, Inc. May 6, 2026, 7:59 PM ET other_material Items 1.01, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

On May 1, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.

Filing page SEC filing

BNC

CEA Industries President/Director McDonald resigns; enters $10M loan at 9.5% with BitGo Prime

CEA Industries Inc. May 6, 2026, 7:59 PM ET other_material Items 1.01, 2.03, 5.02, 7.01, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

On April 30, 2026, the parties to the Loan Agreement agreed to a loan request for 10 million USDC at a loan fee amount of 9.5% per annum and an initial maturity date of October 30, 2026, with option to renew for additional 6-month terms on a rolling basis.

Filing page SEC filing

TRCK

Track Group completes $10.3M PIPE and $21M term loan, reduces net debt 63%

Track Group, Inc. May 4, 2026, 7:59 PM ET other_material Items 1.01, 5.02, 2.03, 3.02, 5.03, 7.01, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

On April 30, 2026, the Company and certain subsidiaries of the Company (together with the Company, collectively, the “ Borrowers ”) entered into a Credit Agreement (the “ Credit Agreement ”) by and among the Borrowers, the lenders from time to time party thereto (the “ Lenders ”), and Chatham Capital Management, LLC, as administrative agent for the Lenders (the “ Administrative Agent ”). Pursuant to the Credit Agreement, the Lenders extended a credit facility in the maximum aggregate principal amount of $24.0 million, consisting of (a) a term loan (the “ Term Loan ”) in the principal amount of $21.0 million, which was funded in full on April 30, 2026, (b) a revolving line of credit in the principal amount of $2.0 million and (c) an interest line loan facility (the “ Interest Line Loan Facility ”) in the principal amount of $1.0 million.

Filing page SEC filing

PS

Pershing Square Inc. completes IPO and private placement; enters $350M credit facility

PERSHING SQUARE INC. May 1, 2026, 7:59 PM ET other_material Items 1.01, 2.03, 3.02, 8.01, 5.02, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

on April 30, 2026, the Company and a syndicate of banks, led by Bank of America, N.A., as administrative agent, entered into a credit agreement (the “ Credit Agreement ”). The Credit Agreement consists of (i) a senior secured revolving credit facility (the “ Revolving Facility ”) in an aggregate principal amount of $250,000,000 and (ii) a senior secured term loan facility in an aggregate principal amount of $100,000,000

Filing page SEC filing

Ares Core Infrastructure Fund

Ares Core Infrastructure Fund acquires Rover Pipeline subsidiaries, assumes ~$1.09B term loan debt

Ares Core Infrastructure Fund May 4, 2026, 7:59 PM ET other_material Items 2.03, 8.01, 9.01

same fact type: debt_financing same SEC item: 2.03, 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

On April 28, 2026, in connection with an investment in a portfolio company, Ares Core Infrastructure Fund (the “Fund”) acquired two wholly owned indirect subsidiaries, BCP Renaissance Parent L.L.C. (the “Rover Borrower”) and BCP Renaissance, L.L.C. (the “ Rover Borrower Subsidiary”), who are parties to a Credit Agreement, dated as of October 31, 2017 (as amended, the “Rover Credit Agreement”).

Filing page SEC filing

OLOX

Subsidiary SG Echo LLC files Chapter 11; Olenox continues normal operations

OLENOX INDUSTRIES INC. May 4, 2026, 7:59 PM ET other_material Items 1.03, 2.04, 7.01, 9.01

same fact type: debt_financing same SEC item: 9.01 same event type: other_material

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

The filing of the Chapter 11 Case constitutes an event of default that accelerated obligations under the following material debt instruments and agreements: (i) approximately $4 million (plus any accrued but unpaid interest in respect thereof) under that certain Loan and Security Agreement between SG Echo, LLC and Enhanced Capital Oklahoma Rural Fund, LLC, dated as of September 20, 2024 (the “Enhanced Loan Agreement”).

Filing page SEC filing

SOUL

SPAC Soulpower Acquisition issues up to $2.5M promissory note to sponsor affiliate for working capital

Soulpower Acquisition Corp. June 1, 2026, 5:00 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 similar materiality

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

On May 29, 2026, Soulpower Acquisition Corporation (the "Company") issued an unsecured promissory note in the principal amount of up to $2,500,000 (the "B Note") to Soulpower Management LLC (the "Lender").

Filing page SEC filing

TCPC

BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities

BlackRock TCP Capital Corp. June 1, 2026, 4:50 PM ET debt Items 1.01, 1.02, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 similar materiality

This filing

the Company issued a promissory note in the aggregate principal amount of up to $1,500,000 to the Sponsor (the “ Note ”) to be used for the Company’s working capital needs. The Note bears an interest rate of 12% per annum, based on actual days / 360 and there is a 5.0% original issue discount (OID). The Note is due and payable upon the earlier to occur of the closing of an initial business combination, or the liquidation of the Company.

Comparable filing

Item 1.01. Entry into a Material Definitive Agreement. On May 27, 2026 (the " Closing Date "), BlackRock TCP Capital Corp. (the " Company "), through its subsidiary, completed a $535,780,000 securitization of certain loans held by a subsidiary of the Company (the " CLO Transaction "). On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C

Filing page SEC filing

Source: SEC EDGAR
accession 0001213900-26-033618

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.