<SEC-DOCUMENT>0001062993-25-014218.txt : 20250812
<SEC-HEADER>0001062993-25-014218.hdr.sgml : 20250812
<ACCEPTANCE-DATETIME>20250812172833
ACCESSION NUMBER:		0001062993-25-014218
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250812
DATE AS OF CHANGE:		20250812

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIM Acquisition Corp. I
		CENTRAL INDEX KEY:			0002014982
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94561
		FILM NUMBER:		251208121

	BUSINESS ADDRESS:	
		STREET 1:		78 SW 7TH STREET, SUITE 500
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33130
		BUSINESS PHONE:		2039402657

	MAIL ADDRESS:	
		STREET 1:		78 SW 7TH STREET, SUITE 500
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33130

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MMCAP International Inc. SPC
		CENTRAL INDEX KEY:			0001304857
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD
		STREET 2:		94 SOLARIS AVE., CAMANA BAY, PO BOX 1348
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
		BUSINESS PHONE:		416-408-0997

	MAIL ADDRESS:	
		STREET 1:		C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD
		STREET 2:		94 SOLARIS AVE., CAMANA BAY, PO BOX 1348
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
	<headerData>
		<submissionType>SCHEDULE 13G/A</submissionType>
		<previousAccessionNumber/>
		<filerInfo>
			<filer>
				<filerCredentials>
					<cik>0001304857</cik>
					<ccc>XXXXXXXX</ccc>
				</filerCredentials>
			</filer>
			<liveTestFlag>LIVE</liveTestFlag>


		</filerInfo>
	</headerData>
	<formData>
		<coverPageHeader>
			<amendmentNo>4</amendmentNo>
			<securitiesClassTitle>Class A ordinary shares, par value $0.0001 per share</securitiesClassTitle>
			<eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
			<issuerInfo>
				<issuerCik>0002014982</issuerCik>
				<issuerName>SIM Acquisition Corp. I</issuerName>
				<issuerCusip>G8431T101</issuerCusip>
				<issuerPrincipalExecutiveOfficeAddress>
					<com:street1>78 SW 7th Street, Suite 500</com:street1>
					<com:city>Miami</com:city>
					<com:stateOrCountry>FL</com:stateOrCountry>
					<com:zipCode>33130</com:zipCode>
				</issuerPrincipalExecutiveOfficeAddress>
			</issuerInfo>
			<designateRulesPursuantThisScheduleFiled>
				<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
			</designateRulesPursuantThisScheduleFiled>
		</coverPageHeader>
		<coverPageHeaderReportingPersonDetails>


			<reportingPersonName>MMCAP International Inc. SPC</reportingPersonName>
			<memberGroup>a</memberGroup>
			<citizenshipOrOrganization>E9</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>980000</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>980000</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>4.26</classPercent>
			<typeOfReportingPerson>CO</typeOfReportingPerson>
		</coverPageHeaderReportingPersonDetails>
		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>MM Asset Management Inc.</reportingPersonName>
			<memberGroup>a</memberGroup>
			<citizenshipOrOrganization>A6</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>980000</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>980000</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>4.26</classPercent>
			<typeOfReportingPerson>CO</typeOfReportingPerson>
		</coverPageHeaderReportingPersonDetails>
		<items>
			<item1>
				<issuerName>SIM Acquisition Corp. I</issuerName>
				<issuerPrincipalExecutiveOfficeAddress>78 SW 7th Street, Suite 500, Miami, FLORIDA 33130</issuerPrincipalExecutiveOfficeAddress>
			</item1>
			<item2>
				<filingPersonName>MMCAP International Inc. SPC

MM Asset Management Inc.</filingPersonName>
				<principalBusinessOfficeOrResidenceAddress>c/o Mourant Governance Services (Cayman) Limited
     94 Solaris Avenue
     Camana Bay, P.O. Box 1348
     Grand Cayman, KY1-1108, Cayman Islands

161 Bay Street,
TD Canada Trust Tower, Suite 2240,
Toronto, ON M5J 2S1 Canada</principalBusinessOfficeOrResidenceAddress>
				<citizenship>Cayman Islands

Ontario, Canada</citizenship>
			</item2>
			<item3>
				<notApplicableFlag>Y</notApplicableFlag>
			</item3>
			<item4>
				<amountBeneficiallyOwned>980,000</amountBeneficiallyOwned>
				<classPercent>4.26</classPercent>
				<numberOfSharesPersonHas>
					<solePowerOrDirectToVote>0</solePowerOrDirectToVote>
					<sharedPowerOrDirectToVote>980,000</sharedPowerOrDirectToVote>
					<solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
					<sharedPowerOrDirectToDispose>980,000</sharedPowerOrDirectToDispose>
				</numberOfSharesPersonHas>
			</item4>
			<item5>
				<notApplicableFlag>N</notApplicableFlag>
				<classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
			</item5>
			<item6>
				<notApplicableFlag>Y</notApplicableFlag>
			</item6>
			<item7>
				<notApplicableFlag>Y</notApplicableFlag>
			</item7>
			<item8>
				<notApplicableFlag>Y</notApplicableFlag>
			</item8>
			<item9>
				<notApplicableFlag>Y</notApplicableFlag>
			</item9>
			<item10>
				<notApplicableFlag>N</notApplicableFlag>
				<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
</certifications>
			</item10>
		</items>
		<signatureInformation>
			<reportingPersonName>MMCAP International Inc. SPC</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Ulla Vestergaard</signature>
				<title>Director</title>
				<date>08/12/2025</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>MM Asset Management Inc.</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Hillel Meltz</signature>
				<title>President</title>
				<date>08/12/2025</date>
			</signatureDetails>
		</signatureInformation>
	</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
