SIM Acquisition Corp. I
Business
SIM Acquisition Corp. I is a blank-check company formed to identify and complete a business combination with an operating company. The company raised capital through an initial public offering and maintains funds available for a business combination. Following a sponsor acquisition, the company shifted its focus from healthcare to U.S.-based businesses advancing domestic manufacturing, innovation, and critical supply chains, leveraging management's networks and transactional expertise to source acquisition targets.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| General and administrative expenses | −1 | −575,708 | |
| Loss from Operations | −1 | −575,708 | |
| Interest earned on cash and marketable securities held in Trust Account | 10 | 5 | |
| Total Other income | 10 | 5 | |
| Net income | 9 | 5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 |
|---|---|---|---|---|
| Cash | 65,427 | 697,085 | — | |
| Prepaid Expenses | 205,000 | 127,200 | — | |
| Total Current Assets | 270,427 | 824,285 | — | |
| Long-term prepaid expense | — | 180,000 | — | |
| Cash and Marketable Securities Held in Trust Account | 245 | 235 | — | |
| Total Assets | 245 | 236 | — | |
| Accounts payable and accrued expenses | 304,592 | 32,609 | — | |
| Total Current Liabilities | 304,592 | 32,609 | — | |
| Deferred underwriting payable | 11 | 11 | — | |
| Total Long Term Liabilities | 11 | 11 | — | |
| Total Liabilities | 11 | 11 | — | |
| COMMITMENTS | — | — | — | |
| Preference shares, $.0001 par value, 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and December 31, 2024 | — | — | — | |
| Accumulated Deficit | −11 | −10 | — | |
| Total Shareholders Deficit | −11 | −10 | — | |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT | 245 | 236 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation Costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | 6,364 | |
| Change in deferred operating costs | — | — | |
| Increase in cash attributable to Prepaid Expense | 102,200 | −307,200 | |
| Increase in cash attributable to Accounts Payable and Accrued Expenses | 271,983 | 32,609 | |
| Net cash used in operating activities | −631,658 | −843,935 | |
| Investment of Cash in Trust Account | — | −230 | |
| Net cash used in investing activities | — | −230 | |
| Promissory note - related party | — | 260,000 | |
| Proceeds from sale of units 23,000,000, net of underwriting discounts paid | — | 226 | |
| Proceeds from sale of Private Placement at gross amount | — | 6 | |
| Repayment of Promissory Note - Related Party | — | −297,500 | |
| Payment of Offering Costs | — | −421,480 | |
| Net cash provided by financing activities | — | 232 | |
| Net increase (decrease) in cash | −631,658 | 697,085 | |
| Formation costs and offering costs paid by Sponsor for the issuance of Founder Shares | — | 25,000 | |
| Deferred offering costs included in accounts payable and accrued expenses | — | 5,000 | |
| Offering costs paid through Notes payable-related party | — | 37,500 | |
| Deferred Underwriter Commissions | — | 11 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SIM Acquisition Corp. I's CIK number?
SIM Acquisition Corp. I's SEC CIK number is 0002014982 (2014982). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SIM Acquisition Corp. I's SEC filings?
All of SIM Acquisition Corp. I's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.