SIM Acquisition Corp. ISIMA
Cash in trust
$6.1M
$6,112,563
Trust per share
$10.88
Redemption value
IPO
Jul 2024
$230M raised
Combination deadline
Jul 12, 2027
266 days remaining
Filings on record
87
Latest Oct 5, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Oct 5, 2026
Overview
SIM Acquisition Corp. I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002014982. It completed its initial public offering in Jul 2024, raising $230M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker SIMA, units under SIMAU, warrants under SIMAW on Nasdaq. The vehicle is sponsored by SIM through SIM Sponsor 1 LLC. The mandate targets healthcare. Definitive business-combination agreement signed, closing pending.
“we intend to acquire.”
Reading the filings
Arithmetic on what SIM Acquisition Corp. I has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trading at a premium to trust
At $10.94 the shares sit within a point of the $10.88 redemption value, so the market is pricing the cash and little else.
Trust versus the $10 unit
The trust holds $10.88 per public share, 8.8% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
266 days to the Jul 12, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Sponsor record
SIM has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
Cantor Fitzgerald led the offering. It has been named on 151 SPAC IPOs, book-running 130 of them, and 69.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date SIM Acquisition Corp. I must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
87 filings in all. 7 in the last three months, against a busiest month of 13.
Scores
Recomputed 17m agoThree readings of SIM Acquisition Corp. I, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ElevatedHow much does the structure protect a holder right now?
55/100
- Discount to trust26
-0.55%
- Trust accretion86
$10.88 per share
- Runway53
266 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
ElevatedHow much attention is this vehicle attracting right now?
55/100
- Filing activity48
2 in 30 days
- News coverage0
0 stories in 30 days
- Premium to trust74
0.55%
- Deal freshness97
announced 14 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
63/100
- Lead bank record71
69.5%
- Bank franchise85
151 SPAC mandates
- Trust scale10
$6M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on SIM Acquisition Corp. I
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 425
Business-combination communication
Accession 0001213900-26-106666
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-26-106662
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-26-105289
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-26-000095
- 10-Q
Quarterly report
Accession 0001213900-26-089359
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001167557-26-000160
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001539041-26-000017
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-26-000510
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-057897
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-26-000070
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-26-021488
- 10-Q
Quarterly report
Accession 0001213900-26-057011
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-055951
- 8-K
Submission of matters to a vote of security holders
Items 3.02, 5.03, 5.07, 9.01 · Accession 0001213900-26-055940
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053406
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-052871
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-052870
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-050418
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-050415
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-048684
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001539041-26-000011
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-046670
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-046669
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-044113
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-044111
- DEF 14A
Definitive proxy statement
Accession 0001213900-26-036598
- 10-K
Annual report
Accession 0001213900-26-035724
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 9.01 · Accession 0001213900-26-033618
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-032469
- PRE 14A
PRELIMINARY PROXY STATEMENT
Accession 0001213900-26-032454
Pro
Track SIMA without the delay
Free accounts see this filing history a day late. Pro shows every document minutes after EDGAR publishes it, opens it on EDGAR in one click, and adds the twelve-month deadline calendar.
- Filings live, no 24-hour delay
- One click through to the source document
- Deadline calendar out to 12 months
- CSV export, API and MCP access
Cancel any time. Billed monthly in USD.
SIM Acquisition Corp. I: questions answered
What is SIM Acquisition Corp. I (SIMA)?
SIM Acquisition Corp. I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002014982. It completed its initial public offering in Jul 2024, raising $230M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker SIMA, units under SIMAU, warrants under SIMAW on Nasdaq. The vehicle is sponsored by SIM through SIM Sponsor 1 LLC. The mandate targets healthcare. Definitive business-combination agreement signed, closing pending.
How much does SIM Acquisition Corp. I hold in trust?
Approximately $6,112,563, or about $10.88 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must SIM Acquisition Corp. I complete a merger?
By Jul 12, 2027, after 1 shareholder-approved extension. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if SIM Acquisition Corp. I does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in SIM Acquisition Corp. I, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.88 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does SIM Acquisition Corp. I trade under?
Class A shares trade as SIMA on Nasdaq, the units as SIMAU, and the warrants as SIMAW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for SIM Acquisition Corp. I?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.88, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $10.94, a premium of 0.55% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
How much dilution do SIM Acquisition Corp. I's founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors SIM Acquisition Corp. I, and what is their track record?
SIM Sponsor 1 LLC is the sponsor entity, part of the SIM franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Erich Spangenberg.
Which banks underwrote the SIM Acquisition Corp. I IPO?
Cantor Fitzgerald. Cantor Fitzgerald was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is SIM Acquisition Corp. I tradeable, and where?
Yes. SIMA returned a live quote of $10.94 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is SIM Acquisition Corp. I a good investment?
That is not a question this site answers. SIM Acquisition Corp. I is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this SIM Acquisition Corp. I data come from?
Filings SIM Acquisition Corp. I submitted to the SEC under CIK 0002014982: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
SIM: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cantor Fitzgerald in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Healthcare SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.