Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 73

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 73
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or Public Warrants in such transactions.

7

The purpose of any such transactions
could be to (1) increase the likelihood of obtaining shareholder approval of the Business Combination, (2) reduce the number of Public
Warrants outstanding and/or increase the likelihood of approval on any matters submitted to the Public Warrant holders for approval in
connection with our initial Business Combination or (3) satisfy a closing condition in an agreement with a target that requires us to
have a minimum net worth or a certain amount of cash at the closing of our initial Business Combination, where it appears that such requirement
would otherwise not be met. Any such purchases of our securities may result in the completion of our initial Business Combination that
may not otherwise have been possible.

In addition, if such purchases
are made, the public “float” of our securities may be reduced and the number of beneficial holders of our securities may be
reduced, which may make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities
exchange.

Our Sponsor, Initial Shareholders,
directors, officers, advisors and their affiliates anticipate that they may identify the shareholders with whom our Sponsor, Initial Shareholders,
directors, officers, advisors and their affiliates may pursue privately negotiated transactions by either the Public Shareholders contacting
us directly or by our receipt of redemption requests submitted by Public Shareholders following our mailing of proxy materials in connection
with our initial Business Combination. To the extent that our Sponsor, Initial Shareholders, directors, officers, advisors and their affiliates
enter into a private transaction, they would identify and contact only potential selling or redeeming Public Shareholders who have expressed
their election to redeem their Public Shares for a pro rata share of the Trust Account or vote against our initial Business Combination,
whether or not such Public Shareholder has already submitted a proxy with respect to our initial Business Combination, but only if such
Public Shares have not already been voted at the general meeting related to our initial Business Combination. Our Sponsor, Initial Shareholders,
directors, officers, advisors and their affiliates will select from which Public Shareholders to purchase Public Shares based on the negotiated
price and number of Public Shares and any other factors that they may deem relevant, and will be restricted from purchasing Public Shares
if such purchases do not comply with Regulation M under the Exchange Act and the other federal securities laws.

Our Sponsor, Initial Shareholders,
directors, officers, advisors and their affiliates will be restricted from making purchases of Public Shares if the