Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 1155

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1155
---
 Placement Warrants 
     -  
     -  
     -  
     -  
     6,000,000  
     -  
     6,000,000 
  
    Fair Value of Public Warrants at issuance 
     -  
     -  
     -  
     -  
     1,610,000  
     -  
     1,610,000 
  
    Allocated value of transaction costs to Class A Shares subject to redemption amount 
     -  
     -  
     -  
     -  
     (120,051) 
     -  
     (120,051)
  
    Accretion for Class A ordinary shares subject to redemption amount 
     -  
     -  
     -  
     -  
     (7,514,182) 
     (14,626,195) 
     (22,140,377)
  
    Net Income 
     -  
     -  
     -  
     -  
        
     4,747,104  
     4,747,104 
  
    Balance - December 31, 2024 
     -  
     -  
     7,666,667  
    $767  
    $-  
    $(9,879,091) 
    $(9,878,324)

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

F-5

SIM ACQUISITION CORP. I

STATEMENT OF CASH FLOWS

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

    Cash Flows from Operating Activities 

    Net income 
    $4,747,104 
  
    Adjustments to reconcile net income to net cash used in operating activities 

    Interest earned on cash and marketable securities held in Trust Account 
     (5,322,812)
  
    Formation Costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     6,364 
  
    Changes in operating assets and liabilities 

    Increase (decrease) in cash attributable to Prepaid Expense 
     (307,200)
  
    Increase (decrease) in cash