Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 28

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 from January 29, 2024 (inception) to September 30, 2024 
  
    General and administrative expenses 
    $681,018  
    $311,498 
  
    Interest earned on cash and marketable securities held in Trust Account 
     7,453,481  
     2,627,463 

The key measures of segment
profit or loss reviewed by the CODM are interest earned on cash and marketable securities held in the Trust Account and operating and
formation costs. The CODM reviews interest earned on cash and marketable securities held in the Trust Account to measure and monitor shareholder
value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust
agreement. Operating and formation costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is
available to complete a Business Combination within the Business Combination period. The CODM also reviews operating and formation costs
to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 10 – Subsequent
Events

The Company evaluated subsequent
events and transactions that occurred after the condensed balance sheet date up to November 13, 2025, the date that the condensed financial
statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment
or disclosure in the condensed financial statements.

16

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations. 

Cautionary Note Regarding Forward-Looking Statements

All statements other than
statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, possible Business Combinations and the financing thereof, and related matters and the plans and objectives of Management for
future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act. When used in this Report, words such as “may,” “should,” “could,” “would,” “anticipate,”
“believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us
or our Management, identify forward-looking statements. We have based these forward-looking statements on our Management’s current
expectations and projections about future events, as well as assumptions made by, and information currently available to, our Management.
Actual results could differ materially from those contemplated by the