SIM Acquisition Corp. I Files 8-K for Material Agreement
Ticker: SIMAU · Form: 8-K · Filed: Jul 12, 2024 · CIK: 2014982
| Field | Detail |
|---|---|
| Company | Sim Acquisition Corp. I (SIMAU) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $10.00, $230,000,000, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, definitive-agreement, equity-sale
TL;DR
SIM Acquisition Corp. I signed a big deal on 7/9/24, filing an 8-K. Details TBD.
AI Summary
SIM Acquisition Corp. I entered into a Material Definitive Agreement on July 9, 2024, related to an acquisition. The filing also details unregistered sales of equity securities and amendments to its articles of incorporation or bylaws. Specific details regarding the acquisition target or financial terms were not fully disclosed in this initial 8-K filing.
Why It Matters
This 8-K filing signals a significant corporate event for SIM Acquisition Corp. I, likely a merger or acquisition, which could impact its stock price and future business operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and unregistered sales of equity, suggesting significant corporate activity that carries inherent risks.
Key Players & Entities
- SIM Acquisition Corp. I (company) — Filer of the 8-K report
- July 9, 2024 (date) — Date of the earliest event reported
- 0001213900-24-061038 (accession_number) — SEC filing accession number
FAQ
What is the nature of the Material Definitive Agreement entered into by SIM Acquisition Corp. I?
The filing indicates a Material Definitive Agreement was entered into on July 9, 2024, but the specific details of the agreement are not fully elaborated in the provided text.
What type of equity securities were sold in the unregistered sale?
The filing mentions 'Unregistered Sales of Equity Securities' but does not specify the type or amount of securities sold.
What amendments were made to SIM Acquisition Corp. I's articles of incorporation or bylaws?
The filing lists 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year' as an item, but the specific changes are not detailed in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on July 9, 2024.
What is the business address of SIM Acquisition Corp. I?
The business address of SIM Acquisition Corp. I is 78 SW 7TH STREET, SUITE 500, MIAMI, FL 33130.
Filing Stats: 1,733 words · 7 min read · ~6 pages · Grade level 11.1 · Accepted 2024-07-12 16:10:45
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share SIMA The Nasdaq Stock Ma
- $11.50 — ordinary share at an exercise price of $11.50 per share SIMAW The Nasdaq Stock M
- $10.00 — tion. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to
- $230,000,000 — rating gross proceeds to the Company of $230,000,000. Each Unit consists of one Class A ordi
- $1.00 — hare at $11.50 per share, at a price of $1.00 per warrant, or $6,000,000 in the aggre
- $6,000,000 — re, at a price of $1.00 per warrant, or $6,000,000 in the aggregate (whether or not the un
- $10,950,000 — acement Warrants (which amount includes $10,950,000 of the underwriters' deferred discount)
Filing Documents
- ea0209260-8k_simacq1.htm (8-K) — 73KB
- ea020926001ex1-1_simacq1.htm (EX-1.1) — 260KB
- ea020926001ex3-1_simacq1.htm (EX-3.1) — 334KB
- ea020926001ex4-1_simacq1.htm (EX-4.1) — 160KB
- ea020926001ex10-1_simacq1.htm (EX-10.1) — 86KB
- ea020926001ex10-2_simacq1.htm (EX-10.2) — 130KB
- ea020926001ex10-3_simacq1.htm (EX-10.3) — 39KB
- ea020926001ex10-4_simacq1.htm (EX-10.4) — 57KB
- ea020926001ex10-5_simacq1.htm (EX-10.5) — 46KB
- ea020926001ex10-6_simacq1.htm (EX-10.6) — 12KB
- ea020926001ex99-1_simacq1.htm (EX-99.1) — 8KB
- ea020926001ex99-2_simacq1.htm (EX-99.2) — 8KB
- 0001213900-24-061038.txt ( ) — 1699KB
- simau-20240709.xsd (EX-101.SCH) — 4KB
- simau-20240709_def.xml (EX-101.DEF) — 27KB
- simau-20240709_lab.xml (EX-101.LAB) — 37KB
- simau-20240709_pre.xml (EX-101.PRE) — 25KB
- ea0209260-8k_simacq1_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 1.1
Underwriting
Underwriting Agreement, dated July 9, 2024, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters. 3.1 Amended and Restated Memorandum and Articles of Association of the Company. 4.1 Warrant Agreement, dated July 9, 2024, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent. 10.1 Investment Management Trust Agreement, dated July 9, 2024, by and between the Company and Continental Stock Transfer & Trust Company, as trustee. 10.2 Registration Rights Agreement, dated July 9, 2024, by and among the Company and certain security holders. 10.3 Private Placement Warrants Purchase Agreement, dated July 9, 2024, by and between the Company and the Sponsor. 10.4 Private Placement Warrants Purchase Agreement, dated July 9, 2024, by and between the Company and Cantor Fitzgerald & Co. 10.5 Letter Agreement, dated July 9, 2024, by and among the Company, its officers and directors, and the Sponsor. 10.6 Administrative Services Agreement, dated July 9, 2024, by and between the Company and SIM Management LP. 99.1 Press Release, dated July 9, 2024. 99.2 Press Release, dated July 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SIM ACQUISITION CORP. I By: /s/ David Kutcher Name: David Kutcher Title: Chief Financial Officer Dated: July 12, 2024 4