Company: SIMA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076651
Chunk: 2

Company: SIM Acquisition Corp. I
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 23,000,000  
     -  
     23,000,000  
     - 
  
    Basic and diluted net income (loss) per ordinary share, Class A,  ordinary shares subject to possible redemption 
    $0.07  
    $-  
    $0.15  
    $- 

    Weighted average shares outstanding, Class B non-redeemable ordinary shares 
     7,666,667  
     6,666,667  
     7,666,667  
     6,666,667 
  
    Basic and diluted net income (loss) per share, Class B non-redeemable ordinary shares(1) 
    $0.07  
    $(0.01) 
    $0.15  
    $(0.01)

(1)For the period from January 29, 2024 (inception) to June 30, 2024 excludes an aggregate of up to 1,000,000 Class B ordinary shares
that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriter (see Note 5). In
May 2024, the Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in our initial shareholders
holding an aggregate of 7,666,667 founder shares (up to 1,000,000 shares of which were subject to forfeiture depending on the extent to
which the underwriters’ over-allotment option was exercised). All share and per share data have been retroactively restated to reflect
this change.

The accompanying notes are an integral part
of the condensed financial statements.

2

SIM ACQUISITION CORP. I

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025

AND FOR THE PERIOD FROM JANUARY 29 (INCEPTION) TO MARCH 31, 2024 AND FOR THE
THREE MONTHS ENDED JUNE 30, 2024 (UNAUDITED)

    Class A
Ordinary Shares  
    Class B  Ordinary Shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholder’s 

    Shares  
    Amount  
    Shares  
    Amount