Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 701

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 701
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 participants would price assets and liabilities).

The following fair value hierarchy is used to
classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1: Quoted prices in active markets for identical
assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with
sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Observable inputs other than Level 1
inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical
assets or liabilities in markets that are not active.

Level 3: Unobservable inputs based on assessment
of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024:

    December
31,
 2024  
    Quoted Prices

Active Markets
 (Level 1)  
    Significant

Other
 Observable
 Inputs
 (Level 2)  
    Significant

Other
 Unobservable
 Inputs
 (Level 3) 
  
    Assets: 

    Marketable Securities and Cash Held in Trust Account 
    $235,322,812  
    $235,322,812  
    $ —  
    $ — 

At the date of the Initial Public Offering, the
Public Warrants were valued using a Monte Carlo model. The Public Warrants have been classified within shareholders’ deficit and
will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions
used in the valuation of the Public Warrants:

    July 11,
2024 
  
    Calculated Share Price 
    $9.91 
  
    Weighted-Average Expected Life of Warrants in Years 
     2.97 
  
    Risk-free rate 
     4.39%
  
    Pre-Business Combination Annual Volatility 
     2.0%
  
    Post-Business Combination Annual Volatility 
     33.0%
  
    Market Pricing Adjustment 
     19.0%

F-17

On April 18, 2024, the Founders Shares were valued
using the Market Approach Methodology. The following table presents the quantitative information regarding market assumptions used in
the valuation of the Founder Shares:

    April 18,
 202