Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 316

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 316
---
 10b5-1 trading arrangement,” as each
term is defined in Item 408(a) of Regulation S-K.

Additional Information

None.

Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

Not applicable.

25

PART III

Item
10. Directors, Executive Officers and Corporate Governance.

Directors and Executive Officers

As of the date of this Report,
our directors and officers are as follows:

    Name
     
    Age
     
    Position 
  
    Erich Spangenberg
     
    64
     
    Chairman and Chief Executive Officer
  
    David Kutcher
     
    42
     
    Chief Financial Officer and Director
  
    Delos Marshall (“Toby”) Cosgrove, M.D.
     
    84
     
    Director
  
    Janine Grasso
     
    48
     
    Director
  
    Vincent Capone
     
    57
     
    Director

The experience of our directors
and executive officers is as follows:

Erich Spangenberg,
our Chief Executive Officer and Chairman of our Board of Directors since our inception, has served as a Chief Executive Officer and Co-Founder
of SIM since January 2023. From January 2018 to January 2023, Mr. Spangenberg was the Founder and CEO of IPwe, a global financial technology
company in the intellectual property space. In January 2024, IPwe, Inc. filed a petition for voluntary reorganization under Chapter 11
of the U.S. Bankruptcy Code in the District of Delaware. The case was converted to a Chapter 7 bankruptcy in March 2024 and is still pending.
From September 2014 to March 2017, Mr. Spangenberg was CEO of nXn Partners, a predictive analytics company focused on analyzing key attributes
of intellectual property. From January 2015 to March 2017, Mr. Spangenberg was a Partner at the Coalition For Affordable Drugs, which
challenged patent validity through the USPTO’s inter-partes review process. From April 2003 to August 2014, Mr. Spangenberg was
Founder and CEO of IP Navigation Group (IPNav), a full-service patent monetization and global licensing business. From March 1998 to March
2003, Mr. Spangenberg was President of Acclaim Venture Group, which invested in technology and industrial companies. From December