SIM Acquisition Corp. I announces non-binding LOI with AIT for deSPAC business combination

SIM Acquisition Corp. I

LOI signed April 26, 2026; 45-day exclusivity period to negotiate definitive agreement.
AIT operates Q1, a telecom platform with manufacturing, logistics, distribution in US, Europe, Latin America.
AIT plans to expand into drones and secure encrypted devices for law enforcement and government.
Transaction is non-binding, subject to due diligence, approvals, and customary closing conditions.
No financial terms or valuation disclosed in the LOI or press release.

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