SIMA
SIM Acquisition Corp. I10.57
+0.01+0.09%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
324.15MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
Sponsor acquired, leadership shakes up
SIM Acquisition Corp. I cut deferred underwriting fees from $10.95M to 1.5% of trust proceeds upon business combination closing, while terminating its admin services deal with an affiliate. Sponsor changed hands to new accredited investors, triggering Chairman/CEO Erich Spangenberg's resignation and Christopher Devall's CEO appointment. New directors queued up.
10-Q
Q3 FY2025 results
SIM Acquisition Corp. I posted Q3 net income of $2.3M, down slightly y/y from $2.4M amid steady G&A expenses of $258K versus $270K, while Trust Account interest income dipped to $2.5M from $2.6M. Nine-month net income hit $6.8M on $7.5M interest, offsetting $681K costs (derived). Trust swelled to $242.8M at $10.55/share, backed by $169K cash; $11M deferred underwriting looms. No debt. Solid runway persists. Clock ticks to July 2026.
8-K
Director resigns for personal reasons
SIM Acquisition Corp. I announced the immediate resignation of director Janine Grasso on September 4, 2025, citing personal reasons with no disagreements over operations or policies. She stepped down from the board and its audit and compensation committees. The company plans to appoint a new independent director to meet Nasdaq standards. This change maintains governance continuity amid its SPAC search.
10-Q
Q2 FY2025 results
SIM Acquisition Corp. I posted a solid Q2 net income of $2.3M, fueled by $2.5M in interest from its Trust Account, while general and administrative costs ticked up to $182K from $13K a year ago—typical for a SPAC hunting deals. For the first half, net income hit $4.5M on $4.9M interest, against $423K in expenses, with diluted EPS at $0.15 for redeemable Class A shares on 23M weighted average shares. Cash outside the Trust dipped to $346K, but the $240M Trust provides ample firepower through July 2026. No debt burdens the balance sheet, just a $11M deferred underwriting fee. Trust intact. Yet mandatory liquidation looms if no deal closes by deadline.
10-Q
Q1 FY2025 results
SIM Acquisition Corp. I swung to a $2.2M net income for Q1 FY2025 ended March 31, 2025, up from a $28K loss a year ago, thanks to $2.5M in interest from its Trust Account while general expenses ticked up 748% to $241K on due diligence hunts. No revenue yet, as this blank-check vehicle eyes healthcare targets for a merger by July 2026. Cash outside the Trust dipped to $512K, but the $238M Trust—bolstered by accretions—keeps liquidity solid with no debt beyond a $11M deferred underwriting tab. No non-GAAP metrics disclosed in the 10-Q. Yet tariffs could crimp target hunts.
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