Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 0

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements.

SIM ACQUISITION CORP. I

CONDENSED BALANCE SHEETS

    September 30,  2025

    December 31,  2024

    ASSETS
     
    (UNAUDITED)

    Current Assets

    Cash
     
    $
    169,145

    $
    697,085

    Prepaid Expenses

    165,000

    127,200

    Total Current Assets

    334,145

    824,285

    Long-term prepaid expense

    -

    180,000

    Marketable Securities Held in Trust Account

    242,776,293

    235,322,812

    Total Assets
     
    $
    243,110,438

    $
    236,327,097

    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT

    Current liabilities

    Accounts payable and accrued expenses
     
    $
    43,487

    $
    32,609

    Total Current Liabilities

    43,487

    32,609

    Long term liabilities

    Deferred underwriting payable

    10,950,000

    10,950,000

    Total Long Term Liabilities

    10,950,000

    10,950,000

    Total Liabilities

    10,993,487

    10,982,609

    COMMITMENTS

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.55 and $10.11 per share as of September 30, 2025 and December 31, 2024, respectively

    242,676,293

    235,222,812

    Shareholders’ Deficit

    Preference shares, $.0001 par value, 5,000,000 shares authorized; none issued or outstanding as of September 30, 2025 and December 31, 2024

    -

    -

    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) as of September 30, 2025 and December 31, 2024

    -