Company: SIMA
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043361
Chunk: 65

Company: SIM Acquisition Corp. I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business
Combination, subject to the terms of the underwriting agreement.

Note 8 – Fair
Value Measurements

At issuance, the fair value
of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received
in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between
market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks
to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs
(internal assumptions about how market participants would price assets and liabilities).

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2025:

    March 31, 2025  
    Quoted Prices Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Marketable Securities Held in Trust Account 
    $237,787,030  
    $237,787,030  
    $—  
    $— 

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 Held in Trust Account 
    $235,322,812  
    $235,322,812  
    $—  
    $— 

15

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.