Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 978

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 978
---
 as of December 31, 2024
     
    F-3

    Statement of Operations for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-4

    Statement of Changes in Shareholder’s Equity (Deficit) for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-5

    Statement of Cash Flows for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-6

    Notes to Financial Statements
     
    F-7 to F-18

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Shareholders and the Board of Directors
of

SIM Acquisition Corp. I:

Opinion on the Financial Statements

We have audited the accompanying balance sheet
of SIM Acquisition Corp. I (the “Company’) as of December 31, 2024, and the related statements of operations, changes in shareholders’
equity (deficit) and cash flows for the period from January 29, 2024 (inception) through December 31, 2024, and the related notes (collectively
referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the period from
January 29, 2024 (inception) through December 31, 2024, in conformity with accounting principles generally accepted in the United States
of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and
are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules
and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error