SIM Sponsor 1 LLC - Jul 9, 2024 Form 3 Insider Report for SIM Acquisition Corp. I (SIMAU)

Role: 10%+ Owner
Signature: /s/ Erich Spangenberg, Managing Member of SIM Sponsor 1 LLC
Stock symbol: SIMAU
Transactions as of: Jul 9, 2024
Transactions value $: $0
Form type: 3
Date filed: 7/9/2024, 09:07 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SIMAU	Class B Ordinary Shares							Jul 9, 2024	Class A Ordinary Shares	7.47M		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the registration statement on Form S-1 (File No. 333-280274) of SIM Acquisition Corp. I (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
F2	These shares represent the Class B ordinary shares held by SIM Sponsor 1 LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 1,000,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise their over-allotment option in full as described in the Issuer's registration statement.
F3	Erich Spangenberg, Chairman and Chief Executive Officer of the Issuer, and David Kutcher, Chief Financial Officer of the Issuer, are the managing members of the Sponsor and hold voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, each of Mr. Spangenberg and Mr. Kutcher may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each of Mr. Spangenberg and Mr. Kutcher disclaim any beneficial ownership of the securities held of record by the Sponsor except to the extent of his pecuniary interest therein.