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SIM Acquisition I SIMA · USD

N/A · US listing · 🇺🇸 United States

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10.87

-0.91%

Close of 9 Nov 2026, in USD

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About SIM Acquisition I

From its filings with the US Securities and Exchange Commission

SEC filings

SIM Acquisition I is based in Miami, Florida and is incorporated in Cayman Islands. Its shares trade on Nasdaq under the ticker SIMA. The SEC classifies its business as blank checks. In the fiscal year to 31 December 2025, it reported net income of $8.8m. At that date it held total assets of $245.4m and shareholders' equity of −$10.9m.

In its own words

Spangenberg resigned as the Chairman of the Board and as our Chief Executive Officer, effective as of the closing of the Sponsor Acquisition.

Deferred Fee in full at such time, Cantor may elect to require the Company to pay the full amount of the Original Deferred Fee in cash.

We believe this access to premium deal flow positions us as a preferred partner for high-quality acquisition targets.

Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
N/A
Industry
N/A
Listed since
27 Feb 1996
Employees
58
Website
sonics.com ↗

Leadership

Pay as last reported

  • Robert SoloffChairman of the Board, President and Chief Executive Officer, since 1969$158,058
  • Steven BowenChief Financial Officer
  • Lauren SoloffVice President of Legal Affairs and Investor Relations, Secretary and Director, since 1995
  • Ronald KalbDirector
  • Jack TyranskyDirector

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Sonics & Materials provides ultrasonic welding equipment for plastics assembly and metal welding divisions.
  • The company offers a range of frequencies including 40, 20, and 15 kHz for metal welders.
  • Plastics Assembly division delivers thermoplastic component joining solutions for textiles and synthetic materials.

Weaknesses

  • The firm has only 58 full-time employees, limiting scalability and resource availability.
  • Headquartered in Newtown, Connecticut, the company faces geographical constraints for market expansion.
  • Limited to three divisions, restricting diversification into new business areas.

Opportunities

  • Expanding into the Health Care sector for ultrasonic food cutting applications.
  • Growing demand for Information Technology in automated assembly systems.
  • Increasing opportunities in the Materials sector for liquid processing capabilities.

Threats

  • Competition from established players in the Financials sector for market share.
  • Potential regulatory changes in the Consumer Discretionary sector affecting product use.
  • Economic downturns impacting the Real Estate sector's demand for assembly equipment.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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