Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 71

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 reporting period in which a change in valuation technique or methodology occurs. There
were no transfers for the three and nine months ended September 30, 2025 or for the period from January 29, 2024 (inception) to December
31, 2024.

Note 9 – SEGMENT INFORMATION 

ASC Topic 280 establishes
standards for companies to report financial statement information about operating segments, products, services, geographic areas, and
major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that
is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate
resources and assess performance.

The CODM has been identified
as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating
the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    For the Nine Months Ended September 30, 2025  
    For the Period from January 29, 2024 (inception) to September 30, 2024 
  
    General and administrative expenses 
    $681,018  
    $311,498 
  
    Interest earned on cash and marketable securities held in Trust Account 
     7,453,481  
     2,627,463 

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 November 13, 2025, the date that the condensed financial
statements were issued. Based upon this review,