Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 165

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 165
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 to provide additional services to us after the Initial
Public Offering, which may include acting as a financial advisor in connection with an initial Business Combination or as placement agent
in connection with a related financing transaction. Our underwriters are entitled to receive deferred underwriting commissions that will
be released from the Trust Account only upon completion of an initial Business Combination. These financial incentives may cause them
to have potential conflicts of interest in rendering any such additional services to us after the Initial Public Offering, including,
for example, in connection with the sourcing and consummation of an initial Business Combination;

●we
may attempt to complete our initial Business Combination with a private company about which little information is available, which may
result in a Business Combination with a company that is not as profitable as we suspected, if at all;

●since
our Initial Shareholders will lose their entire investment in us if our initial Business Combination is not completed (other than with
respect to any Public Shares they may acquire during or after the Initial Public Offering), and because our Sponsor, officers and directors
may profit substantially even under circumstances in which our Public Shareholders would experience losses in connection with their investment,
a conflict of interest may arise in determining whether a particular Business Combination target is appropriate for our initial Business
Combination;

●the
value of the Founder Shares following completion of our initial Business Combination is likely to be substantially higher than the nominal
price paid for them, even if the trading price of our Public Shares at such time is substantially less than $10.00 per Public Share;

●resources
could be wasted in researching acquisitions that are not completed, which could materially adversely affect subsequent attempts to locate
and acquire or merge with another business. If we have not completed our initial Business Combination within the Combination Period,
our Public Shareholders may receive only approximately $10.00 per Public Share, or less than such amount in certain circumstances, on
the liquidation of our Trust Account and our Warrants will expire worthless;

17

●we
may not be able to complete an initial Business Combination with certain potential target companies if a proposed transaction with the
target company may be subject to review or approval by regulatory authorities pursuant to certain U.S. or foreign laws or regulations,
including the Committee on Foreign Investment in the United States (“CFIUS”). While our sponsor is a limited liability company
formed in Delaware and is not controlled by, nor does it have substantial ties with, a non-U.S. person, investments that result in “control”
of a U.S