SIM Acquisition Corp. I shareholders approve extension to July 2027; $242M redeemed

SIM Acquisition Corp. I

Shareholders approved extension of business combination deadline from July 11, 2026 to July 12, 2027.
Holders of 22,447,232 public shares redeemed at ~$10.79/share, totaling ~$242.2 million.
Following redemptions, only 552,768 public shares remain outstanding.
Issued 3,000,000 Class A shares to sponsor upon conversion of Class B shares on May 11, 2026.
Auditor ratification (WithumSmith+Brown) approved with 21.7M votes for.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SIM Acquisition Corp. I: Approved amendment to the Company's amended and restated memorandum and articles of association to extend the deadline to consummate a business combination from July 11, 2026 to July 12, 2027 (effective 2026-05-11).

Change: charter amendment
Effective: 2026-05-11

Exact text from the filing

The Company filed the Extension Amendment with the Cayman Islands Registrar of Companies on May 11, 2026.

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SIM Acquisition Corp. I filing history →

Source: SEC EDGAR

accession 0001213900-26-055940

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