Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 342

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 342
---
 Sponsor (1) 
     -  
     -  
     7,666,667  
     767  
     24,233  
     -  
     25,000 
  
    Sale of 6,000,000 Private Placement Warrants 
     -  
     -  
     -  
     -  
     6,000,000  
     -  
     6,000,000 
  
    Fair Value of Public Warrants at issuance 
     -  
     -  
     -  
     -  
     1,610,000  
     -  
     1,610,000 
  
    Allocated value of transaction costs to Class A Shares subject to redemption amount 
     -  
     -  
     -  
     -  
     (120,051) 
     -  
     (120,051)
  
    Accretion for Class A ordinary shares subject to redemption amount 
     -  
     -  
     -  
     -  
     (7,514,182) 
     (14,626,195) 
     (22,140,377)
  
    Net Income 
     -  
     -  
     -  
     -  
        
     4,747,104  
     4,747,104 
  
    Balance - December 31, 2024 
     -  
     -  
     7,666,667  
    $767  
    $-  
    $(9,879,091) 
    $(9,878,324)

The accompanying notes are an integral part of this financial
statement.

F-5

SIM ACQUISITION CORP. I

STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM JANUARY 29, 2024
(INCEPTION) TO DECEMBER 31, 2024

    Cash Flows from Operating Activities 

    Net income 
    $4,747,104 
  
    Adjustments to reconcile net income to net cash used in operating activities 

    Interest earned on cash and marketable securities held in Trust Account 
     (5,322,812)
  
    Formation Costs paid