Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 92

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 92
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 select an appropriate target business or businesses and complete our initial Business Combination within the Combination
Period;

●our
expectations around the performance of a prospective target business or businesses may not be realized;

●we
may not be successful in retaining or recruiting required officers, key employees or directors following our initial Business Combination;

●our
officers and directors may have difficulties allocating their time between our Company and other businesses and may potentially have
conflicts of interest with our business or in approving our initial Business Combination;

●we
may not be able to obtain additional financing to complete our initial Business Combination or reduce the number of shareholders requesting
redemption;

●we
may issue our shares to investors in connection with our initial Business Combination at a price that is less than the prevailing market
price of our shares at that time;

●our
shareholders may not be given the opportunity to choose the initial business target or to vote on the initial Business Combination;

16

●Trust
Account funds may not be protected against third party claims or bankruptcy;

●an
active market for our public securities may not develop and our shareholders will have limited liquidity and trading;

●our
financial performance following a Business Combination with an entity may be negatively affected by their lack of an established
record of revenue, cash flows and experienced management;

●there
may be more competition to find an attractive target for an initial Business Combination, which could increase the costs associated with
completing our initial Business Combination and may result in our inability to find a suitable target;

●changes
in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and
complete an initial Business Combination;

●we
may attempt to simultaneously complete Business Combinations with multiple prospective targets, which may hinder our ability to complete
our initial Business Combination and give rise to increased costs and risks that could negatively impact our operations and profitability;

●we
may engage one or more of our underwriters or one of their respective affiliates to provide additional services to us after the Initial
Public Offering, which may include acting as a financial advisor in connection with an initial Business Combination or as placement agent
in connection with a related financing transaction. Our underwriters are entitled to receive deferred underwriting commissions that will
be released from the Trust Account only upon completion of an initial Business Combination. These financial incentives may cause them
to have potential conflicts of interest in rendering any such additional services to us after the Initial Public Offering, including,
for example, in connection with