Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 27

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 $       — 

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 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs. There
were no transfers for the three and nine months ended September 30, 2025 or for the period from January 29, 2024 (inception) to December
31, 2024.

Note 9 – SEGMENT INFORMATION 

ASC Topic 280 establishes
standards for companies to report financial statement information about operating segments, products, services, geographic areas, and
major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that
is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate
resources and assess performance.

The CODM has been identified
as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating
the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    For the Nine Months Ended September 30, 2025  
    For the Period