• Sim Acquisition posted net income of $2.03 million for the quarter ended March 31, 2026, down 8.74%.
• Interest income from the Trust Account fell 12.55% to $2.16 million, while general and administrative costs dropped 47.43% to $126,910.
• Management flagged substantial doubt about its ability to continue as a going concern, citing mandatory liquidation if no business combination is completed by July 12, 2027.
• Subsequent to quarter-end, it signed a non-binding letter of intent on April 26 to acquire American Industrial Technologies, and shareholders redeemed about $242.18 million of public shares at roughly $10.79 per share in a May 7 extension vote.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sim Acquisition Corp. I published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-057011), on May 15, 2026, and is solely responsible for the information contained therein.