---
title: "SIM Acquisition Corp. I Extends SPAC Combination Deadline"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286331177.md"
description: "SIM Acquisition Corp. I has extended its SPAC combination deadline from July 11, 2026, to July 12, 2027, following shareholder approval. The company converted 3 million Class B shares into Class A shares, resulting in 3,552,768 Class A and 4,666,667 Class B shares outstanding. Approximately $242.2 million was redeemed by public shareholders, reducing the public float significantly. The company, incorporated in the Cayman Islands, aims to complete a business combination after raising capital through an IPO in July 2024. Current market cap stands at $334.9 million."
datetime: "2026-05-13T23:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286331177.md)
  - [en](https://longbridge.com/en/news/286331177.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286331177.md)
---

# SIM Acquisition Corp. I Extends SPAC Combination Deadline

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SIM Acquisition Corp. I Class A ( (SIMA) ) has provided an update.

On May 11, 2026, SIM Acquisition Corp. I converted 3,000,000 Class B ordinary shares held by its sponsor into an equal number of Class A ordinary shares, which remain subject to the same transfer, redemption waiver, and voting obligations tied to a future business combination. Following this conversion and subsequent redemptions, the company has 3,552,768 Class A ordinary shares and 4,666,667 Class B ordinary shares outstanding, with the new Class A shares issued under a registration exemption.

At a shareholder meeting, investors approved extending the deadline to complete a business combination from July 11, 2026 to July 12, 2027 and ratified the appointment of WithumSmith+Brown, PC as auditor for 2026. In connection with the extension vote, holders of 22,447,232 public shares redeemed approximately $242.2 million at about $10.79 per share, leaving 552,768 public shares outstanding and significantly reducing the SPAC’s public float while providing more time to secure a deal.

**More about SIM Acquisition Corp. I Class A**

SIM Acquisition Corp. I is a Cayman Islands–incorporated special purpose acquisition company formed to consummate a business combination, typically by merging with or acquiring an operating business. The company raised capital through an initial public offering completed in July 2024 and is focused on identifying and executing a suitable transaction within its defined timeframe.

**Average Trading Volume:** 112,797

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $334.9M

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- [SIMAW.US](https://longbridge.com/en/quote/SIMAW.US.md)

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