Filing Details
- Accession Number:
- 0001213900-25-012918
- Form Type:
- 13G Filing
- Publication Date:
- 2025-02-11 19:00:00
- Filed By:
- SIM Sponsor 1 LLC
- Company:
- Sim Acquisition Corp. I
- Filing Date:
- 2025-02-12
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Beneficially Owned Number of Shares | Beneficially Owned Number of Aggregate Shares | Percent of Class |
|---|---|---|---|
| SIM Sponsor 1 LLC | 0 | 7,466,669 | 24.5% |
| Conroy Partners LLC | 0 | 7,466,669 | 24.5% |
| Erich Spangenberg | 0 | 7,466,669 | 24.5% |
| David Kutcher | 0 | 7,466,669 | 24.5% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
SIM ACQUISITION CORP. I (Name of Issuer) |
Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securities) |
G8431T101 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
| Rule 13d-1(c)
|
 Rule 13d-1(d)
|
SCHEDULE 13G
|
| CUSIP No. | G8431T101 |
| 1 | Names of Reporting Persons
SIM Sponsor 1 LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,466,669.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
24.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: The 7,466,669 founder shares referred to in Rows 5, 7, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-280274). SIM Sponsor 1 LLC is the record holder of the Class B Ordinary Shares reported herein. Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC and have voting and investment discretion with respect to the securities held of record by SIM Sponsor 1 LLC. The 7,466,669 founder shares referred to in Rows 5, 7, and 9 exclude 4,000,000 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding as of November 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 14, 2024 and assumes conversion of the 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC.
SCHEDULE 13G
|
| CUSIP No. | G8431T101 |
| 1 | Names of Reporting Persons
Conroy Partners LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,466,669.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
24.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: The 7,466,669 founder shares referred to in Rows 6, 8, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-280274). SIM Sponsor 1 LLC is the record holder of the Class B Ordinary Shares reported herein. Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC and have voting and investment discretion with respect to the securities held of record by SIM Sponsor 1 LLC. The 7,466,669 founder shares referred to in Rows 5, 7, and 9 exclude 4,000,000 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding as of November 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 14, 2024 and assumes conversion of the 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC.
SCHEDULE 13G
|
| CUSIP No. | G8431T101 |
| 1 | Names of Reporting Persons
Erich Spangenberg | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,466,669.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
24.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The 7,466,669 founder shares referred to in Rows 6, 8, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-280274). SIM Sponsor 1 LLC is the record holder of the Class B Ordinary Shares reported herein. Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC and have voting and investment discretion with respect to the securities held of record by SIM Sponsor 1 LLC. The 7,466,669 founder shares referred to in Rows 5, 7, and 9 exclude 4,000,000 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding as of November 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 14, 2024 and assumes conversion of the 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC.
SCHEDULE 13G
|
| CUSIP No. | G8431T101 |
| 1 | Names of Reporting Persons
David Kutcher | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,466,669.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
24.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The 7,466,669 founder shares referred to in Rows 6, 8, and 9 represent Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") which are automatically convertible into Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") with or immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-280274). SIM Sponsor 1 LLC is the record holder of the Class B Ordinary Shares reported herein. Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC and have voting and investment discretion with respect to the securities held of record by SIM Sponsor 1 LLC. The 7,466,669 founder shares referred to in Rows 5, 7, and 9 exclude 4,000,000 Class A Ordinary Shares which may be purchased by exercising warrants that are not presently exercisable. The percentage in Row 11 is based on 23,000,000 Class A Ordinary Shares issued and outstanding as of November 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 14, 2024 and assumes conversion of the 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC.
SCHEDULE 13G
|
| Item 1. | ||
| (a) | Name of issuer:
SIM ACQUISITION CORP. I | |
| (b) | Address of issuer's principal executive offices:
78 SW 7th Street, Suite 500, Miami, Florida 33130 | |
| Item 2. | ||
| (a) | Name of person filing:
SIM Sponsor 1 LLC, Conroy Partners LLC, Erich Spangenberg and David Kutcher (collectively, the "Reporting Persons") | |
| (b) | Address or principal business office or, if none, residence:
78 SW 7th Street, Suite 500, Miami, Florida 33130 | |
| (c) | Citizenship:
Each of SIM Sponsor 1 LLC and Conroy Partners LLC is a limited liability company formed in Delaware. Each of Erich Spangenberg and David Kutcher is a citizen of the United States of America. | |
| (d) | Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share | |
| (e) | CUSIP No.:
G8431T101 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
| |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
| |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
| |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
| |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
As of December 31, 2024, the Reporting Persons may be deemed to beneficially own 7,466,669 of the Issuer's Class B Ordinary Shares. Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC and have voting and investment discretion with respect to the securities held of record by SIM Sponsor 1 LLC. This Statement shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) and 13(g), beneficial owners of any securities covered by this Statement. | |
| (b) | Percent of class:
The 7,466,669 Class B Ordinary Shares owned by the Reporting Persons constitute 24.5% of the total number of Class A Ordinary Shares issued and outstanding as of November 14, 2024 and assuming the conversion of all 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC. The Class B Ordinary Shares are automatically convertible into Class A Ordinary Shares with or immediately following the Business Combination on a one-for-one basis and may be converted at any time prior to the Business Combination at the option of the holder on a one-for-one basis, subject to certain adjustments, as more fully described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-280274). The percentage of the Class B Ordinary Shares held by the Reporting Persons is based on 23,000,000 Class A Ordinary Shares issued and outstanding as of November 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 14, 2024 and assuming the conversion of all 7,466,669 Class B Ordinary Shares owned by SIM Sponsor 1 LLC. | |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
SIM Sponsor 1 LLC: 7,466,669 Conroy Partners LLC: 0 Erich Spangenberg: 0 David Kutcher: 0 | ||
| (ii) Shared power to vote or to direct the vote:
SIM Sponsor 1 LLC: 0 Conroy Partners LLC: 7,466,669 Erich Spangenberg: 7,466,669 David Kutcher: 7,466,669 | ||
| (iii) Sole power to dispose or to direct the disposition of:
SIM Sponsor 1 LLC: 7,466,669 Conroy Partners LLC: 0 Erich Spangenberg: 0 David Kutcher: 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
SIM Sponsor 1 LLC: 0 Conroy Partners LLC: 7,466,669 Erich Spangenberg: 7,466,669 David Kutcher: 7,466,669 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
| ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
| ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
| ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
| ||
| Item 10. | Certifications: |
Not Applicable
|
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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99.1 Joint Filing Agreement, dated February 12, 2025. |