Company: SIMA
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043361
Chunk: 24

Company: SIM Acquisition Corp. I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 liabilities).

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2025:

    March 31, 2025  
    Quoted Prices Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Marketable Securities Held in Trust Account 
    $237,787,030  
    $237,787,030  
    $—  
    $— 

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024:

    December 31, 2024  
    Quoted Prices Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Marketable Securities Held in Trust Account 
    $235,322,812  
    $235,322,812  
    $—  
    $— 

15

The Public Warrants were valued
using a Monte Carlo model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement
after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public
Warrants:

    July 11, 
2024

    Calculated Share Price
     
    $
    9.91

    Weighted-Average Expected Life of Warrants in Years

    2.97

    Risk-free rate

    4.39
    %
  
    Pre-Business Combination Annual Volatility

    2.0
    %
  
    Post-Business Combination Annual Volatility

    33.0
    %
  
    Market Pricing Adjustment

    19.0
    %

The Founder Shares
issued to the directors and director nominees were valued using a Market Approach Methodology. The following table presents the quantitative
information regarding market assumptions used in the Founder Shares valuation:

    April 18,
2024

    Discount for probability of failure to complete IPO
     
    $
    10.0
    %
  
    Market pricing adjustment

    87.0
    %
  
    Discount for expected forfeiture

    15.0
    %

Transfers to/from Levels 1,
2 and