SIM Acquisition Corp. I — fact timeline

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).

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

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.

“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.”

SIM Acquisition Corp. I terminated Administrative Services Agreement with SIM Management LP (effective 2026-01-28).

“On January 28, 2026, the Administrative Services Agreement, dated July 9, 2024, by and between the Company and SIM Management LP, an affiliate of the Sponsor, was terminated, and any accrued obligations under the Administrative Services Agreement were waived.”

SIM Acquisition Corp. I entered into Fee Reduction Agreement with Cantor Fitzgerald & Co. (effective 2026-01-28).

“On January 28, 2026, SIM Acquisition Corp. I (the “Company”) and SIM Sponsor 1 LLC (the “Sponsor”) entered into a fee reduction agreement (the “Fee Reduction Agreement”) with Cantor Fitzgerald & Co. (“Cantor”), as representative of the several underwriters for the Company’s initial public offering consummated on July 11, 2024.”