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.)
- $89.4M
- Price
- $10.85
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.18%
- Volume
- 13.7K
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 float4.4M
Float / shares54.0%
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-generated1/2
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SIM Acquisition Corp. I Announces Letter of Intent with AIT for deSPAC Business Combination
SIM Acquisition Corp. I signed a non-binding letter of intent to merge with American Industrial Technologies, Inc. (AIT), a provider of telecommunications and logistics solutions.
AIT operates Q1, a 33-year-old platform spanning manufacturing, logistics, and connected device ecosystems with global distribution reach.
The parties have agreed to a 45-day exclusivity period to conduct due diligence and negotiate a definitive Business Combination Agreement.
Red flags
- Non-binding letter of intent with no assurance of completion
- No financial terms or deal value disclosed
- Transaction remains subject to due diligence and required approvals