Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 1102

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1102
---
 holders of warrants will receive no proceeds in connection
with the liquidation. The holders of the Founder Shares will not participate in any redemption distribution with respect to their Founder
Shares.

If
the Company is unable to complete its Business Combination and expends all of the net proceeds of the Initial Public Offering not deposited
in the Trust Account, without taking into account any interest earned on the Trust Account, the initial per-share redemption price for
ordinary shares was $10.00.  The proceeds deposited in the Trust
Account could, however, become subject to claims of the Company’s creditors that are in preference to the claims of the Company’s
shareholders. In addition, if the Company is forced to file a bankruptcy or winding up petition or an involuntary bankruptcy or winding
up petition is filed against it that is not dismissed, the proceeds held in the Trust Account could be subject to applicable bankruptcy
or insolvency law, and may be included in its bankruptcy or insolvency estate and subject to the claims of third parties with priority
over the claims of the Company’s ordinary shareholders. Therefore, the actual per-share redemption price may be less than approximately
$10.00.

F-8

Risks and Uncertainties

The United States and global markets are experiencing
volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and the recent escalation
of the conflict in the Middle East. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”)
deployed additional military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries
have announced various sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal
of certain financial institutions from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system. Certain
countries, including the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and
to Israel, increasing geopolitical tensions among a number of nations. The invasion of Ukraine by Russia and the escalation of the conflict
in the Middle East and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the
United Kingdom, the European Union, Israel and its neighboring states and other countries have created global security concerns that could
have a lasting impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable,
they could lead to market disruptions, including significant volatility in