Company: SIMA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076651
Chunk: 70

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 (“CODM”), or group, in deciding how to allocate
resources and assess performance.

The CODM has been identified
as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating
the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    For the Six Months Ended June 30, 2025  
    For the
Period from
January 29, 2024
(inception) to
June 30,
2024 
  
    General and administrative expenses 
    $423,007  
    $41,305 
  
    Interest earned on cash and marketable securities held in Trust Account 
     4,943,305  
     - 

The key measures of segment
profit or loss reviewed by the CODM are interest earned on cash and marketable securities held in the Trust Account and operating and
formation costs. The CODM reviews interest earned on cash and marketable securities held in the Trust Account to measure and monitor shareholder
value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust
agreement. Operating and formation costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is
available to complete a Business Combination within the Business Combination period. The CODM also reviews operating and formation costs
to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 10 – Subsequent
Events

The Company evaluated subsequent
events and transactions that occurred after the condensed balance sheet date up to August 14, 2025, the date that the condensed
financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the condensed financial statements.

16

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations. 

Cautionary Note Regarding Forward-Looking Statements

All statements other than
statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used
in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,” “