Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 500

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 500
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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 March 31, 2025, the date that the financial statements were issued. Based upon this review,
the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

F-18

EXHIBIT INDEX

    Exhibit No.
     
    Description
  
    1
     
    Underwriting Agreement, dated July 9, 2024, by and between the Company and Cantor, as representative of the several underwriters. (2)
  
    3.1
     
    Amended and Restated Memorandum and Articles of Association. (2)
  
    4.1
     
    Specimen Unit Certificate. (1)
  
    4.2
     
    Specimen Ordinary Share Certificate. (1)
  
    4.3
     
    Specimen Warrant