Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 712

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 712
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Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary Note Regarding Forward-Looking Statements

All
statements other than statements of historical fact included in this Report including, without limitation, statements under this Item
regarding our financial position, business strategy and the plans and objectives of Management for future operations, are forward-looking
statements. When used in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,”
“intend” and similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management.
Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed
in our filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf
are qualified in their entirety by this paragraph.

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with the audited
financial statements and the notes thereto contained elsewhere in this Report.

Overview

We
are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a Business Combination.
We have not selected any Business Combination target. We may pursue an initial Business Combination in any business or industry, but are
focusing on companies in the healthcare industry. We intend to effectuate our initial Business Combination using cash from the proceeds
of the Initial Public Offering and the Private Placement, the proceeds of the sale of our Ordinary Shares in connection with our initial
Business Combination (pursuant to any forward purchase agreements or backstop agreements into which we may enter), Ordinary Shares issued
to the owners of the target, debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination
of the foregoing.

The
issuance of additional Ordinary Shares in connection with a Business Combination to the owners of the target or other investors:

●may significantly dilute the equity interest of investors in the Initial Public Offering, which dilution
would increase if the anti-dilution provisions in the Class B Ordinary Shares resulted in the issuance of Class A Ordinary Shares on a
greater than one-to-one basis upon conversion of the Class B Ordinary Shares;

●may subordinate the rights of holders of Class A Ordinary Shares if preference shares are issued