Company: SIMA
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043361
Chunk: 1

Company: SIM Acquisition Corp. I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 Ordinary shares subject to possible redemption) as of March 31, 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 March 31, 2025 and December 31, 2024 
     767  
     767 
  
    Accumulated Deficit 
     (10,120,563) 
     (9,879,091)
  
    Total Shareholders’ Deficit 
     (10,119,796) 
     (9,878,324)
  
    TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 
    $238,557,327  
    $236,327,097 

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

1

SIM ACQUISITION CORP. I

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

    For the three months ended March 31, 2025  
    For the period  from January 29, 2024 (inception) to March 31,  2024 
  
    General and administrative expenses 
    $(241,472) 
    $(28,464)
  
    Loss from Operations 
     (241,472) 
     (28,464)

    Other income 

    Interest earned on cash and marketable securities held in Trust Account 
     2,464,218  
     - 
  
    Other income 
     2,464,218  
     - 
  
    Net income (loss) 
    $2,222,746  
    $(28,464)

    Weighted average shares outstanding, Class A ordinary shares subject to possible redemption 
     23,000,000  
     - 
  
    Basic and diluted net income (loss) per ordinary share, Class A,  ordinary shares subject to possible redemption 
    $0.07  
    $(0.00)

    Weighted average shares outstanding, Class B non-redeemable ordinary shares 
     7,666,667  
     6,666,667 
  
    Basic and diluted net
    income (loss) per share, Class B non-rede