Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 65

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 65
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 he or she has then current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual
obligations to present such Business Combination opportunity to such other entity, subject to their fiduciary duties under Cayman Islands
law. Our Amended and Restated Memorandum provide that, to the fullest extent permitted by law: (i) no individual serving as a director
or an officer, among other persons, shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging
directly or indirectly in the same or similar business activities or lines of business as us, and (ii) we renounce any interest or expectancy
in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity
for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation
of a director or officer to any other entity.

We do not believe, however,
that the fiduciary duties or contractual obligations of our officers or directors will materially affect our ability to complete our initial
Business Combination.

In addition, our Sponsor and
our officers and directors may sponsor or form other SPACs similar to ours or may pursue other business or investment ventures during
the period in which we are seeking an initial Business Combination. As a result, our Sponsor, officers and directors could have conflicts
of interest in determining whether to present Business Combination opportunities to us or to any other SPAC with which they may become
involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial Business Combination
target. However, we do not believe that any such potential conflicts would materially affect our ability to complete our initial Business
Combination.

Sourcing of Potential Business Combination
Targets

We believe our Management Team’s
significant operating and transactional experience and relationships will provide us with a substantial number of potential initial Business
Combination targets. Over the course of their careers, the members of our Management Team have developed a broad network of contacts and
corporate relationships around the world. This network has grown through the activities of our Management Team sourcing, acquiring and
financing businesses, the reputation of our Management Team and advisors for integrity and fair dealing with sellers, financing sources
and target Management Teams and the experience of our Management Team in executing transactions under varying economic and financial market
conditions.

This network has provided