Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 702

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 702
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4 
  
    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 29,
 2024
 (Inception)
 through
 December 31, 
2024 
  
    Formation and operation costs 
    $575,708 
  
    Interest earned on cash and marketable securities held in Trust Account 
     5,322,812 

The key measures of segment profit or loss reviewed
by our CODM are interest earned on cash and marketable securities held in the Trust Account and operating and formation costs. The CODM
reviews interest earned on cash and marketable securities held in the Trust Account to measure and monitor shareholder value and determine
the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. Operating
and formation costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete
a Business Combination within the Business Combination period. The CODM also reviews operating and formation costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 10 – SUBSEQUENT
EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to