---
title: "SIM Acquisition I signs non-binding LOI to acquire American Industrial Technologies for deSPAC combination"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284453496.md"
description: "SIM Acquisition I has signed a non-binding letter of intent to acquire 100% of American Industrial Technologies (AIT) as part of a proposed deSPAC business combination. The LOI was signed on April 26, 2026, and includes an initial 45-day exclusivity period for due diligence and negotiations, extendable for an additional 15 days. The LOI is non-binding except for certain provisions, and the deal is not guaranteed. AIT is known for its telecom leadership and connected-device capabilities."
datetime: "2026-04-28T21:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284453496.md)
  - [en](https://longbridge.com/en/news/284453496.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284453496.md)
---

# SIM Acquisition I signs non-binding LOI to acquire American Industrial Technologies for deSPAC combination

**SIM Acquisition I announced a non-binding letter of intent to acquire 100% of American Industrial Technologies as part of a proposed deSPAC business combination.**

**Key Highlights:**

-   Signed an LOI on April 26, 2026 to acquire 100% of AIT pending definitive agreements and approvals.
-   AIT operates Q1, a 33-year telecom leader with manufacturing, logistics, distribution and connected-device capabilities.
-   Initial 45-day exclusivity for due diligence and negotiations, extendable automatically for one 15-day period.
-   LOI non-binding except for confidentiality, expenses, exclusivity and other specified provisions; deal not assured.

Original SEC Filing: SIM Acquisition Corp. I \[ SIMA \] - 8-K - Apr. 28, 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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