• SIM Acquisition entered a non-binding letter of intent for a proposed deSPAC business combination with American Industrial Technologies.
• AIT operates Q1, a telecommunications platform spanning manufacturing, logistics, distribution, and connected-device ecosystems, with operations across US, Europe, and Latin America.
• Parties agreed to a 45-day exclusivity period to conduct due diligence and negotiate a definitive business combination agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sim Acquisition Corp. I published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604280800PR_NEWS_USPR_____NY44935) on April 28, 2026, and is solely responsible for the information contained therein.