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

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 on units sold pursuant to the underwriters’ option to purchase additional units, or $10,950,000 in the aggregate. Upon completion
of the Business Combination, $10,950,000 will be paid to the underwriters from the funds held in the Trust Account. The deferred fee will
become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business
Combination, subject to the terms of the underwriting agreement.

Note 8 – Fair
Value Measurements

At issuance, the fair value
of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received
in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between
market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks
to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs
(internal assumptions about how market participants would price assets and liabilities).

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at June 30, 2025:

    June 30, 2025  
    Quoted Prices Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Marketable Securities Held in Trust Account 
    $240,266,117  
    $240,266,117  
    $  —  
    $  — 

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024:

    December 31, 2024  
    Quoted Prices Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Marketable Securities Held in Trust Account 
    $235,322,812  
    $235,322,812  
    $  —  
    $  — 

15

The Public Warrants were valued
using a Monte Carlo model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement
after issuance. The following table presents the