Wire
SIM Acquisition Executes LOI With American Industrial for Business Combination
SIM Acquisition Corp. I (SIMA) said Tuesday it has executed a non-binding letter of intent with American Industrial Technologies for a proposed deSPAC business combination.Among other segments, American Industrial Technologies will operate Q1, a fully integrated platform spanning manufacturing, logistics, distribution, and connected device ecosystems.The parties agreed to a 45-day exclusivity period to conduct due diligence and negotiate a definitive business combination agreement, according to the company.Price: $10.78, Change: $+0.01, Percent Change: +0.09%
$SIMA
