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SIM Acquisition Corp. I
SIM Acquisition Corp. I (SIM) entered into a binding Letter of Intent (LOI) on October 2, 2026, to acquire American Industrial Technologies, Inc. (AIT), replacing a previous non-binding agreement. Upon closing, SIM will issue approximately 50 million shares to AIT equity holders, with AIT CEO John Chiorando set to lead the combined company as CEO and Chairman. The transaction is subject to definitive documentation by December 31, 2026, and includes a $5 million termination fee under specified conditions.…more
SIM Acquisition Corp. I
SIM Acquisition Corp. I (SIM) has entered into a binding Letter of Intent (LOI) to acquire American Industrial Technologies, Inc. (AIT) in a business combination. Upon closing, SIM will issue approximately 50 million shares of common stock to AIT equity holders, and AIT's CEO, John Chiorando, will lead the combined company. The parties have set a deadline of December 31, 2026, to execute definitive documents, with a $5 million termination fee applicable under certain conditions.…more
SIM Acquisition Corp. I
David J. Snyderman has executed a limited power of attorney appointing Michael Turro, Karl Wachter, and Hayley Stein to act on his behalf and on behalf of Supernova Management LLC regarding SEC filings. This authorization enables the designated attorneys-in-fact to execute and file documents related to beneficial ownership, including Schedules 13D, 13G, and Forms 3, 4, and 5.…more
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