SIM Acquisition Corp. I Extends SPAC Combination Deadline
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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.
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