Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 255

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 255
---
 not have a nominating committee charter in place.

29

The Board of Directors also
considers director candidates recommended for nomination by our shareholders during such times as they are seeking proposed nominees to
stand for appointment at the next annual general meeting (or, if applicable, an extraordinary general meeting). Our shareholders that
wish to nominate a director for appointment to our Board of Directors should follow the procedures set forth in our Amended and Restated
Memorandum.

We have not formally established
any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying
and evaluating nominees for director, our Board of Directors considers educational background, diversity of professional experience, knowledge
of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our shareholders.
Prior to our initial Business Combination, holders of our Public Shares do not have the right to recommend director candidates for nomination
to our Board of Directors.

Code of Ethics

We have adopted a Code of
Business Conduct and Ethics, applicable to our directors, officers and employees (the “Code of Ethics”). A copy of the Code
of Ethics and the charters of the committees of our Board of Directors will be provided without charge upon request from us. If we make
any amendments to our Code of Ethics other than technical, administrative or other non-substantive amendments, or grant any waiver,
including any implicit waiver, from a provision of the Code of Ethics applicable to our principal executive officer, principal financial
officer, principal accounting officer or controller or persons performing similar functions requiring disclosure under applicable SEC
or Nasdaq rules, we will disclose the nature of such amendment or waiver on our website. The information included on our website is not
incorporated by reference into this Report or in any other report or document we file with the SEC, and any references to our website
are intended to be inactive textual references only.

The
foregoing description of the Code of Ethics does not purport to be complete and is qualified in its entirety by the terms and conditions
of the Code of Ethics, a copy of which is attached hereto as Exhibit 14 and is incorporated herein by reference.

Trading Policies

On June 27, 2024, we adopted
insider trading policies and procedures governing the purchase, sale, and/or other dispositions of our securities by directors, officers
and employees, which are reasonably designed to promote compliance with insider trading laws, rules and regulations