{"url_path":"/sec/simaw/8-k/2026-05-13/item-3-02","section_key":"item-3-02","section_title":"Item 3.02 Unregistered Sales of Equity","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/2014982/0001213900-26-055940-index.html","accession_number":"0001213900-26-055940","cik":"0002014982","ticker":"SIMA","issuer_name":"SIM Acquisition Corp. I","edgar_url":"https://www.sec.gov/Archives/edgar/data/2014982/0001213900-26-055940-index.html","primary_entity_key":"0002014982","primary_entity_name":"SIM Acquisition Corp. I"},"word_count":195,"has_tables":true,"body_markdown":"**Item 3.02 Unregistered Sales of Equity\nSecurities.**\n\n** **\n\nOn\nMay 11, 2026, SIM Acquisition Corp. I, a Cayman Islands exempted company (the “**Company**”),\nissued an aggregate of 3,000,000 Class A Ordinary Shares to SIM Sponsor 1 LLC (the “**Sponsor**”),\nupon the conversion (the “**Conversion**”) of an equal number of Class B Ordinary Shares held by the Sponsor. The\nClass A Ordinary Shares issued in connection with the Conversion are subject to the same restrictions applicable to the Class B Ordinary\nShares prior to the Conversion, including certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor\nof a Business Combination as described in the final prospectus filed with the SEC by the Company on July 9, 2024 (the “**IPO Prospectus**”)\nin connection with the Company’s initial public offering (the “**IPO**”).\nFollowing the Conversion and the Meeting Redemptions (as defined below), there are 3,552,768 Class\nA Ordinary Shares issued and outstanding and 4,666,667 Class B Ordinary Shares issued\nand outstanding.\n\n \n\nThe\nClass A Ordinary Shares issued upon the Conversion have not been registered under the Securities Act of 1933, as amended, in reliance\non the exemption from registration provided by Section 3(a)(9) thereof."}