Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 15

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 basic income (loss) per ordinary share for the periods presented.

With respect to the accretion
of Class A ordinary shares subject to possible redemption and consistent with FASB ASC Topic 480-10-S99-3A, the Company treated accretion
in the same manner as a dividend, paid to the shareholders in the calculation of the net income (loss) per ordinary share.

The following table reflects
the calculation of basic and diluted net income per ordinary share:

    For the three months ended 
September 30, 2025  
    For the nine months ended 
September 30, 2025 

    Class A 
Redeemable  
    Class B 
Non-Redeemable  
    Class A 
Redeemable  
    Class B 
Non-Redeemable 
  
    Basic and Diluted net income per share: 

    Numerator: 

    Allocation of net income  
    $1,689,124  
    $563,041  
    $5,079,347  
    $1,693,116 

    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     7,666,667  
     23,000,000  
     7,666,667 
  
    Basic and Diluted income per share 
    $0.07  
    $0.07  
    $0.22  
    $0.22 

    For the three months ended 
September 30, 2024  
    For the period from 
January 29, 2024 (inception) to 
September 30, 2024 

    Class A 
Redeemable  
    Class B 
Non-Redeemable  
    Class A 
Redeemable  
    Class B 
Non-Redeemable 
  
    Basic and Diluted net income per share: 

    Numerator: 

    Allocation of net income  
    $1,722,293  
    $634,977  
    $1,210,618  
    $1,105,347 

    Denominator: 

    Weighted-average shares outstanding 
     20,500,000  
     7,557,971  
     7,666,667  
     7,000