Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 24

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 24
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Omitted at our Company’s
option.

37

SIM ACQUISITION CORP. I

INDEX TO FINANCIAL STATEMENTS 

    Report of Independent Registered Public Accounting Firm (PCAOB ID #100)
     
    F-2

    Financial Statements:

    Balance Sheet as of December 31, 2024
     
    F-3

    Statement of Operations for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-4

    Statement of Changes in Shareholder’s Equity (Deficit) for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-5

    Statement of Cash Flows for the period from January 29, 2024 (inception) to December 31, 2024
     
    F-6

    Notes to Financial Statements
     
    F-7 to F-18

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Shareholders and the Board of Directors
of

SIM Acquisition Corp. I:

Opinion on the Financial Statements

We have audited the accompanying balance sheet
of SIM Acquisition Corp. I (the “Company’) as of December 31, 2024, and the related statements of operations, changes in shareholders’
equity (deficit) and cash flows for the period from January 29, 2024 (inception) through December 31, 2024, and the related notes (collectively
referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the period from
January 29, 2024 (inception) through December 31, 2024, in conformity with accounting principles generally accepted in the United States
of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and
are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules