Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 409

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 409
---

    Deferred Underwriting Payable 
     10,950,000 
  
    Total Long Term Liabilities 
     10,950,000 
  
    Total Liabilities 
     10,982,609 

    COMMITMENTS 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.11 per share 
     235,222,812 

    Shareholders’ Deficit 

    Preference shares, $.0001 par value, 5,000,000 shares authorized; none issued or outstanding 
     - 
  
    Class A ordinary shares, $.0001 par value, 500,000,000 shares authorized; none issued or outstanding (Excluding 23,000,000 Class A Ordinary shares to possible redemption) 
     - 
  
    Class B ordinary shares, $.0001 par value, 50,000,000 shares authorized; 7,666,667 shares issued and outstanding 
     767 
  
    Accumulated Deficit 
     (9,879,091)
  
    Total Shareholders’ Deficit 
     (9,878,324)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 
    $236,327,097 

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

F-3

SIM ACQUISITION CORP. I

STATEMENT OF OPERATIONS

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

    Formation and operation costs 
    $(575,708)
  
    Loss from Operations 
    $(575,708)

    Other income 

    Interest earned on cash and
    marketable securities held in Trust Account 
    $5,322,812 
  
    Other income (loss), net 
    $5,322,812 

    Net income 
    $4,747,104 

    Weighted average shares outstanding, Class A ordinary shares subject to possible redemption 
     11,840,237 

    Basic
    and diluted net income per ordinary share, Class A, ordinary shares
    subject to possible redemption 
    $0.25 

    Weighted average shares outstanding, Class B non-redeemable ordinary shares 
     7,181,460 
  
    Basic and diluted net income per share, Class B non-redeem