Company: SIMA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076651
Chunk: 1

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 as of June 30, 2025 and December 31, 2024 
     -  
     - 
  
    Class B ordinary shares, $.0001 par value, 50,000,000 shares authorized; 7,666,667 shares issued and outstanding as of June 30, 2025 and December 31, 2024 
     767  
     767 
  
    Accumulated Deficit 
     (10,302,098) 
     (9,879,091)
  
    Total Shareholders’ Deficit 
     (10,301,331) 
     (9,878,324)
  
    TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 
    $240,822,286  
    $236,327,097 

The
accompanying notes are an integral part of the condensed financial statements.

1

SIM ACQUISITION CORP. I

CONDENSED STATEMENT OF
OPERATIONS (UNAUDITED)

    For the three months ended
June 30,  
    For the
six months
ended
June 30,  
    For the
period from
January 29,
2024
(inception) to
June 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative expenses 
    $(181,535) 
    $(12,841) 
    $(423,007) 
    $(41,305)
  
    Loss from Operations 
     (181,535) 
     (12,841) 
     (423,007) 
     (41,305)

    Other income 

    Interest earned on cash and marketable securities held in Trust Account 
     2,479,087  
     -  
     4,943,305  
     - 
  
    Other income 
     2,479,087  
     -  
     4,943,305  
     - 

    Net income (loss) 
    $2,297,552  
    $(12,841) 
    $4,520,298  
    $(41,305)

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