secwatch.observer — SEC 8-K summary
======================================

Issuer:     SIM Acquisition Corp. I (SIMA)
CIK:        0002014982
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001213900-26-033618
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/0001213900-26-033618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2014982/000121390026033618/ea0283136-8k_simacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-033618

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer