Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 29

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 unaudited condensed financial statements
and the notes thereto included in this Report under “Item 1. Financial Statements”.

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 shares in connection with our initial Business Combination (pursuant
to any forward purchase agreements or backstop agreements we may enter into following the consummation of the Initial Public Offering
or otherwise), 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
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 with rights senior to those afforded
our Class A Ordinary Shares;

●could
cause a change in control if a substantial number of our Class A Ordinary Shares are issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers
and directors;

●may
have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking
to obtain control of us; and

●may
adversely affect prevailing market prices for our Class A Ordinary Shares and/or Warrants