Company: SIMA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076651
Chunk: 27

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 Trust Account 
     4,943,305  
     - 

The key measures of segment
profit or loss reviewed by the 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 condensed balance sheet date up to August 14, 2025, the date that the condensed
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 condensed financial statements.

16

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations. 

Cautionary Note Regarding Forward-Looking Statements

All statements other than
statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used
in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management. Actual
results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in our
filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph.

The following discussion and
analysis of our financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements
and the notes thereto included in this Report under “Item 1. Financial Statements”.

Overview

We are a blank check company
incorporated as a Cayman