---
schema_version: "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"
generated_at: "2026-05-15T09:16:26.202831+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Administrative Services Agreement with Dominari Holdings for $20,000/month for office and support.
- Promissory note from sponsor SIM Sponsor 1 LLC up to $1.5M at 12% interest with 5% OID.
- Note due upon earliest of business combination or company liquidation; back-to-back with senior note from American Ventures LLC.
- Proceeds used for working capital; interest payable in kind added to principal.
- Agreements dated March 18, 2026; effective until business combination or liquidation.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/0001213900-26-033618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/ea0283136-8k_simacq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-033618
- JSON: https://secwatch.observer/filing/0001213900-26-033618.json
- Plain text: https://secwatch.observer/filing/0001213900-26-033618.txt

## Source-grounded claims
- claim_id: aa9d9d33c0ef1b764ee3cd7fa00dbfdeda117f01
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/0001213900-26-033618-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.