SIM Acquisition Corp. I Files S-1 for Potential Business Combination

TL;DR

SPAC SIM Acquisition Corp. I just filed its S-1, ready to hunt for a deal.

AI Summary

SIM Acquisition Corp. I filed an S-1 registration statement with the SEC on June 17, 2024. The company is incorporated in the Cayman Islands and its principal executive offices are located in Miami, Florida. SIM Acquisition Corp. I is classified under 'Blank Checks' (SIC code 6770), indicating it is a shell company formed for the purpose of mergers, acquisitions, or similar business combinations.

Why It Matters

This S-1 filing signals SIM Acquisition Corp. I's intent to raise capital and pursue a merger or acquisition, potentially impacting the market for special purpose acquisition companies (SPACs) and the target industries they may pursue.

Risk Assessment

Risk Level: medium — As a blank check company (SPAC), its success is entirely dependent on finding and completing a suitable acquisition, which carries inherent risks.

Key Numbers

• 6770 — SIC Code (Indicates 'Blank Checks' or shell company formation for acquisitions.)
• 333-280274 — SEC File Number (Unique identifier for this SEC filing.)

Key Players & Entities

• SIM Acquisition Corp. I (company) — Registrant
• 6770 (dollar_amount) — Standard Industrial Classification Code for Blank Checks
• June 17, 2024 (date) — Filing Date
• Cayman Islands (company) — Jurisdiction of Incorporation
• Miami, Florida (company) — Business Address
• David Kutcher (person) — Mentioned in filing

FAQ

Key Financial Figures

• $200,000,000 — 0a0;DATED JUNE 17, 2024 $200,000,000 SIM Acquisition Corp. I 20,0
• $10.00 — ies. Each unit has an offering price of $10.00 and consists of one Class A ordi
• $11.50 — s A ordinary share at a price of $11.50 per share, subject to adjustment as des
• $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 (including if the unde
• $2,750,000 — rrants at a price of $1.00 per warrant ($2,750,000 in the aggregate) in a private placemen
• $100,000 — d thereon (less taxes payable and up to $100,000 of interest income to pay dissolution e
• $0.20 — x00a0;    Includes $0.20 per unit (excluding any units sold purs
• $4,000,000 — ption to purchase additional units), or $4,000,000 in the aggregate (whether or not the un
• $0.45 — closing of this offering. Also includes $0.45 per unit on units other than those sold
• $0.65 — option to purchase additional units and $0.65 per unit on units sold pursuant to the
• $9,000,000 — option to purchase additional units, or $9,000,000 in the aggregate or up to $10,950,000 i
• $10,950,000 — or $9,000,000 in the aggregate or up to $10,950,000 in the aggregate if the underwriters&#x
• $200.0 — warrants described in this prospectus, $200.0 million, or $230.0 millio
• $230.0 — s prospectus, $200.0 million, or $230.0 million if the underwriters&#x20

Filing Documents

• ea0204058-04.htm (S-1) — 3052KB
• ea020405804ex3-1_simacq1.htm (EX-3.1) — 522KB
• ea020405804ex3-2_simacq1.htm (EX-3.2) — 464KB
• ea020405804ex4-1_simacq1.htm (EX-4.1) — 21KB
• ea020405804ex4-2_simacq1.htm (EX-4.2) — 19KB
• ea020405804ex4-3_simacq1.htm (EX-4.3) — 24KB
• ea020405804ex4-4_simacq1.htm (EX-4.4) — 167KB
• ea020405804ex10-1_simacq1.htm (EX-10.1) — 51KB
• ea020405804ex10-2_simacq1.htm (EX-10.2) — 86KB
• ea020405804ex10-3_simacq1.htm (EX-10.3) — 129KB
• ea020405804ex10-4_simacq1.htm (EX-10.4) — 41KB
• ea020405804ex10-5_simacq1.htm (EX-10.5) — 57KB
• ea020405804ex10-6_simacq1.htm (EX-10.6) — 104KB
• ea020405804ex10-7_simacq1.htm (EX-10.7) — 22KB
• ea020405804ex10-8_simacq1.htm (EX-10.8) — 48KB
• ea020405804ex10-9_simacq1.htm (EX-10.9) — 12KB
• ea020405804ex14-1_simacq1.htm (EX-14.1) — 52KB
• ea020405804ex23-1_simacq1.htm (EX-23.1) — 2KB
• ea020405804ex99-1_simacq1.htm (EX-99.1) — 45KB
• ea020405804ex99-2_simacq1.htm (EX-99.2) — 32KB
• ea020405804ex99-3_simacq1.htm (EX-99.3) — 3KB
• ea020405804ex99-4_simacq1.htm (EX-99.4) — 3KB
• ea020405804ex99-5_simacq1.htm (EX-99.5) — 3KB
• ea020405804ex-fee_simacq1.htm (EX-FILING FEES) — 44KB
• ex3-1_001.jpg (GRAPHIC) — 9KB
• ex3-1_003.jpg (GRAPHIC) — 5KB
• ex3-1_002.jpg (GRAPHIC) — 10KB
• 0001213900-24-053384.txt ( ) — 5038KB

Risk Factors

Risk Factors   41 Cautionary Note Regarding Forward-Looking Statements   88

Use of Proceeds

Use of Proceeds   89 Dividend Policy   92

Dilution

Dilution   93 Capitalization   95 Management’s Discussion and Analysis of Financial Condition and Results of Operations   96 Proposed Business   102 Effecting our Initial Business Combination   109 Management   129 Principal Shareholders   138 Certain Relationships and Related Party Transactions   142

Description of Securities

Description of Securities   145 Taxation   165

Underwriting

Underwriting   176 Legal Matters   185 Experts   185 Where You Can Find Additional Information   185 Index to Financial Statements   F-1 We are responsible for the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with information that is different from or inconsistent with that contained in this prospectus. We are not, and the underwriters are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus. i Table of Contents Trademarks This prospectus contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the ® or ™ symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies’ trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies. ii Table of Contents SUMMARY This summary only highlights the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information that you should consider in making an investment decision. You should read this entire prospectus carefully, including the information under “Risk Factors” and our financial statements and the related notes included elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus or the context otherwise requires, references to: •   &#x00a

View Full Filing

View this S-1 filing on SEC EDGAR