Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 94

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 94
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-performance
by financial institutions, could adversely affect our business, financial condition or results of operations, or our prospects

●military
or other conflicts in Ukraine, the Middle East or elsewhere may lead to increased volume and price volatility for publicly traded securities,
or affect the operations or financial condition of potential target companies, which could make it more difficult for us to consummate
an initial Business Combination; 

●if
our initial Business Combination involves a company organized under the laws of a state of the United States, it is possible the Excise
Tax will be imposed on us in connection with redemptions of our Ordinary Shares after or in connection with such initial Business Combination;

●cyber incidents or attacks
directed at us or third parties could result in information theft, data corruption, operational disruption and/or financial loss;

●changes
in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability
to negotiate and complete our initial Business Combination, and results of operations;

●if
we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements
and our activities may be restricted, which may make it difficult for us to complete our initial Business Combination;

●to
mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, we may, at any time
(based on our Management Team’s ongoing assessment of all factors related to our potential status under the Investment Company
Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust
Account in an interest-bearing demand deposit account at a bank until the earlier of the consummation of our initial Business Combination
or our liquidation. As a result of such transfer, we could receive less interest on the funds held in the Trust Account than the interest
we would have received pursuant to our original Trust Account investments, which could reduce the dollar amount our Public Shareholders
would receive upon any redemption or our liquidation; and

●we
may seek to extend the Combination Period, which could have a material adverse effect on the amount held in our Trust Account and other
adverse effects on our Company.

For additional risks relating
to our operations, other than as set forth above, see the section titled “Risk Factors” contained in our (i) IPO Registration
Statement and (ii) 2024 First Quarter Form 10-Q