Company: SIMA
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043361
Chunk: 135

Company: SIM Acquisition Corp. I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 1
Chunk 135
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 the
United States, and domestic businesses that rely on exporting goods internationally. These tariffs and threats of tariffs and other
potential trade policy changes could negatively affect the attractiveness of certain initial Business Combination targets, or lead to
material adverse effects on a post-Business Combination company. Among other things, historical financial performance of companies affected
by trade policies and/or tariffs may not provide useful guidance as to the future performance of such companies, because future financial
performance of those companies may be materially affected by new U.S. tariffs or foreign retaliatory tariffs, or other changes to trade
policies. The business prospects of a particular target for a Business Combination could change even after we enter into a Business Combination
agreement, as a result of tariffs or the threat of tariffs that may have a material impact on that target’s business, and it may be costly
or impractical for us to terminate that Business Combination agreement.  These factors could affect our selection of a Business Combination
target.

We may not be able to adequately
address the risks presented by these tariffs or other potential trade policy changes. As a result, we may deem it costly, impractical
or risky to complete an initial Business Combination with a particular target or with a target in a particular industry or from a particular
country. Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target
and to complete an initial Business Combination.  If we complete an initial Business Combination with such a target, the post-Business
Combination company’s operations and financial results could be adversely affected as a result of tariffs or changes to trade
policies, which may cause the market value of the securities of the post-Business Combination company to decline.

22

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds. 

Unregistered Sales of Equity Securities

There were no sales of unregistered
securities during the quarterly period covered by the Report. However, simultaneously with the closing of the Initial Public Offering,
pursuant to the Private Placement Warrants Purchase Agreements, we completed the private sale of an aggregate of 6,000,000 Private Placement
Warrants to the Sponsor and Cantor, with each Private Placement Warrant exercisable to purchase one Class A Ordinary Share at $11.50
per share, at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate (irrespective of the underwriters’