Company: SIMA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076651
Chunk: 14

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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) per ordinary share is calculated by dividing the net income (loss) by the weighted average number
of ordinary shares outstanding for the respective period. Diluted net income (loss) per share attributable to ordinary shareholders adjusts
the basic net income (loss) per share attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding
for the potentially dilutive impact of outstanding warrants. However, because the warrants are anti-dilutive, diluted income (loss) per
ordinary share is the same as basic income (loss) per ordinary share for the periods presented.

With respect to the accretion
of Class A ordinary shares subject to possible redemption and consistent with FASB ASC Topic 480-10-S99-3A, the Company treated accretion
in the same manner as a dividend, paid to the shareholders in the calculation of the net income (loss) per ordinary share.

The following table reflects
the calculation of basic and diluted net income (loss) per ordinary share:

    For the three months ended
June 30, 2025  
    For the six months ended
June 30, 2025 

    Class A
Redeemable  
    Class B
Non-Redeemable  
    Class A
Redeemable  
    Class B
Non-Redeemable 
  
    Basic and Diluted net income (loss) per share: 

    Numerator: 

    Allocation of net income (loss) 
    $1,723,164  
     574,388  
     3,390,223  
     1,130,075 

    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667 
  
    Basic and Diluted income (loss) per share 
    $0.07  
     0.07  
     0.15  
     0.15 

    For the three months ended
June 30, 2024  
    For the period from
January 29,
    2024 (inception) to June 30, 2024 

    Class A Redeemable  
    Class B
Non-Redeemable  
    Class A Redeemable  
    Class B
Non-Rede