Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 1363

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 1363
---
 
     (9,878,324)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 
    $236,327,097 

The accompanying notes
are an integral part of this financial statement.

F-3

SIM ACQUISITION CORP. I

STATEMENT OF OPERATIONS

FOR THE PERIOD FROM JANUARY 29, 2024
(INCEPTION) TO DECEMBER 31, 2024

    Formation and operation costs 
    $(575,708)
  
    Loss from Operations 
    $(575,708)

    Other income 

    Interest earned on cash and
    marketable securities held in Trust Account 
    $5,322,812 
  
    Other income (loss), net 
    $5,322,812 

    Net income 
    $4,747,104 

    Weighted average shares outstanding, Class A ordinary shares subject to possible redemption 
     11,840,237 

    Basic
    and diluted net income per ordinary share, Class A, ordinary shares
    subject to possible redemption 
    $0.25 

    Weighted average shares outstanding, Class B non-redeemable ordinary shares 
     7,181,460 
  
    Basic and diluted net income per share, Class B non-redeemable ordinary shares 
    $0.25 

The accompanying notes are an integral
part of this financial statement.

F-4

SIM ACQUISITION CORP. I

STATEMENT OF CHANGES IN SHAREHOLDER’S
EQUITY (DEFICIT)

FOR THE PERIOD FROM JANUARY 29, 2024
(INCEPTION) TO DECEMBER 31, 2024

    Class A Ordinary Shares  
    Class B  Ordinary Shares  
    Additional Paid-in   
    Accumulated  
    Total Shareholder’s 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
     Deficit  
     Deficit 
  
    Balance - January 29, 2024 (inception) 
             -  
    $       -  
         -  
    $-  
    $-  
    $-  
    $- 
  
    Issuance of Class B Ordinary Shares to Sponsor (1) 
     -  
     -  
     7,666,