SIM Acquisition Corp. I
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $94.2M
- Price
- $11.46
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.66%
- Volume
- 2.7K
About
SIM Acquisition Corp. I functions as a blank check company, specifically created to pursue a business combination such as a merger, asset acquisition, stock exchange, stock purchase, or corporate reorganization with one or more other entities. This company was established on January 29, 2024, and its main offices are located in Miami, Florida.
Quick stats
Shares outstanding8.2M
Computed float692.8K
Float / shares8.4%
Cash runway (months)0.4
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002014982
AI Summary
AI-generated1/3
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American Industrial Technologies Expects Revenue of Approximately $45 Million and Continued Profitability for Third Quarter 2026
American Industrial Technologies (AIT), the deSPAC target of SIM Acquisition Corp. I (Nasdaq: SIMA), said it expects consolidated revenue of approximately $45 million and continued profitability for the third quarter ending September 30, 2026.
AIT and SIMA have signed a non-binding letter of intent with a 45-day exclusivity period to negotiate definitive agreements; the transaction remains subject to due diligence, definitive documentation, and customary closing conditions, with no assurance it will be completed.
AIT's platform spans a 33-year carrier device distribution business, 3PL/4PL logistics across the US, Europe, and Latin America, and US manufacturing capacity coming online in 2026 for drones, counter-UAS systems, and secure encrypted devices, employing more than 200 people in Orlando.
The forward-looking statements also reference a pending definitive agreement with ideaForge and flag risks including SIMA shareholder redemption rights, a minimum cash condition, and ITAR/EAR export-control limits on the defense and unmanned systems businesses.
Red flags
- LOI is non-binding; no definitive business combination agreement exists and completion is not assured
- No deal valuation, enterprise value, or trust proceeds estimate disclosed
- Q3 revenue figure is a preliminary expectation, not audited reported results
- SIMA shareholder redemption rights and a minimum cash condition could limit funding available for the combination
- Potential ITAR/EAR export-control limitations flagged on defense and unmanned systems businesses
- Pending definitive agreement with ideaForge referenced but not executed