---
title: "SIM Acquisition I Lines Up $1.5 Million Sponsor Note and $20,000/Month Admin Services"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280371775.md"
description: "SIM Acquisition I has entered two significant agreements to enhance its operations and liquidity. The company issued a promissory note of up to $1.5 million to its sponsor at a 12% interest rate, with a 5% original issue discount, maturing upon its initial business combination or liquidation. Additionally, it signed an administrative services agreement with Dominari Holdings for $20,000 per month, covering office space and support services. These agreements are aimed at providing necessary working capital and infrastructure as the SPAC progresses in its deal process."
datetime: "2026-03-24T21:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280371775.md)
  - [en](https://longbridge.com/en/news/280371775.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280371775.md)
---

# SIM Acquisition I Lines Up $1.5 Million Sponsor Note and $20,000/Month Admin Services

SIM Acquisition I entered two material agreements to support operations and liquidity. The company issued a promissory note of up to $1.5 million to its sponsor at 12% interest with a 5% original issue discount, maturing upon the earlier of its initial business combination or liquidation. In a separate move, it signed an administrative services agreement with Dominari Holdings for office space, utilities, and support at $20,000 per month. Together, these agreements provide working capital and essential infrastructure as the SPAC advances its deal process.

**Agreement 1: SIM Acquisition I Secures Up to $1.5 Million Sponsor Note at 12% With 5% OID**

-   **Agreement type**: Promissory note for working capital
-   **Counterparty**: SIM Sponsor 1
-   **Signed / Effective**: Mar 18 2026 / Mar 18 2026
-   **Duration / Termination**: Until business combination or liquidation
-   **Reason**: Fund working capital needs

**Agreement 2: SIM Acquisition I Enters $20,000-Per-Month Administrative Services Pact With Dominari Holdings**

-   **Agreement type**: Administrative services agreement
-   **Counterparty**: Dominari Holdings
-   **Signed / Effective**: Mar 18 2026 / Mar 18 2026
-   **Duration / Termination**: At will
-   **Reason**: Access office space and administrative support

Original SEC Filing: SIM Acquisition Corp. I \[ SIMA \] - 8-K - Mar. 24, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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