Company: SIMA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109984
Chunk: 1

Company: SIM Acquisition Corp. I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    Class B ordinary shares, $.0001 par value, 50,000,000 shares authorized; 7,666,667 shares issued and outstanding as of September 30, 2025 and December 31, 2024

    767

    767

    Accumulated Deficit

    (10,560,109
    )

    (9,879,091
    )
  
    Total Shareholders’ Deficit

    (10,559,342
    )

    (9,878,324
    )
  
    TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT
     
    $
    243,110,438

    $
    236,327,097

The accompanying notes are an integral part
of the condensed financial statements.

1

SIM ACQUISITION CORP. I

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

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

    2025  
    2024  
    2025  
    2024 
  
    General and administrative expenses 
    $(258,011) 
    $(270,193) 
    $(681,018) 
    $(311,498)
  
    Loss from Operations 
     (258,011) 
     (270,193) 
     (681,018) 
     (311,498)

    Other income 

    Interest earned on cash and marketable securities held in Trust Account 
     2,510,176  
     2,627,463  
     7,453,481  
     2,627,463 
  
    Other income 
     2,510,176  
     2,627,463  
     7,453,481  
     2,627,463 

    Net income 
    $2,252,165  
    $2,357,270  
    $6,772,463  
    $2,315,965 

    Weighted average shares outstanding, Class A ordinary shares subject to possible redemption 
     23,000,000