Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 922

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 922
---
  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) 
     -  
     -  
     7,666,667  
     767  
     24,233  
     -  
     25,000 
  
    Sale of 6,000,000 Private 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.