Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 363

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 363
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322,812  
    $ —  
    $ — 

At the date of the Initial Public Offering, the
Public Warrants were valued using a Monte Carlo model. The Public Warrants have been classified within shareholders’ deficit and
will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions
used in the valuation of the Public Warrants:

    July 11,
2024 
  
    Calculated Share Price 
    $9.91 
  
    Weighted-Average Expected Life of Warrants in Years 
     2.97 
  
    Risk-free rate 
     4.39%
  
    Pre-Business Combination Annual Volatility 
     2.0%
  
    Post-Business Combination Annual Volatility 
     33.0%
  
    Market Pricing Adjustment 
     19.0%

F-17

On April 18, 2024, the Founders Shares were valued
using the Market Approach Methodology. The following table presents the quantitative information regarding market assumptions used in
the valuation of the Founder Shares:

    April 18,
 2024 
  
    Discount for Probability of Failure to Complete IPO 
     10.0%
  
    Market Pricing Adjustment 
     87.0%
  
    Discount for Expected Forfeiture 
     15.0%

Transfers to/from Levels 1, 2 and 3 are recognized
at the end of the reporting period in which a change in valuation technique or methodology occurs. There were no transfers for the period
from January 29, 2024 (inception) through December 31, 2024.

Note 9 — SEGMENT INFORMATION 

ASC Topic 280 establishes standards for companies
to report financial statement information about operating segments, products, services, geographic areas, and major customers. Operating
segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess
performance.

The CODM has been identified as the Chief Financial
Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial
performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating the Company’s
performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the
 Period from
 January