secwatch.observer — SEC 8-K summary
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Issuer:     SIM Acquisition Corp. I (SIMA)
CIK:        0002014982
Form:       8-K
Filed at:   2026-05-13T21:15:37+00:00
Accession:  0001213900-26-055940
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2014982/000121390026055940/0001213900-26-055940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2014982/000121390026055940/ea0290190-8k_simacqu1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-055940

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