SIM Acquisition Corp I
For the period ended Jun 30, 2024. Filed Aug 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 23, 2024
SIMA$10.97+0.6%Stored close · as of Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of June 30, 2024 (Unaudited)
CONDENSED BALANCE SHEET
| ASSETS | |
|---|---|
| Current asset - cash | $19,252 |
| Deferred offering costs | 206,943 |
| Total Assets | $226,195 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | |
| Current liabilities | |
| Accounts payable and accrued expenses | $5,000 |
| Promissory note - related party | 237,500 |
| Total Current Liabilities | 242,500 |
| COMMITMENTS | |
| Shareholders’ Deficit | |
| Preference shares, $.0001 par value, 5,000,000 shares authorized; none issued or outstanding | - |
| Class A ordinary shares, $.0001 par value, 500,000,000 shares authorized; none issued or outstanding | - |
| Class B ordinary shares, $.0001 par value, 50,000,000 shares authorized; 7,666,667 shares issued and outstanding(1) | 767 |
| Additional paid-in capital | 24,233 |
| Accumulated deficit | (41,305) |
| Total Shareholders’ Deficit | (16,305) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $226,195 |
| (1) | This number includes up to 1,000,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5). In May 2024, the Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in our initial shareholders holding an aggregate of 7,666,667 founder shares (up to 1,000,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised). All share and per share data have been retroactively restated to reflect this change. |
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 30, 2024
AND
PERIOD FROM JANUARY 29, 2024 (INCEPTION) TO JUNE 30, 2024
| For the Three Months Ended June 30, 2024 | For the period from January 29, 2024 (inception) to June 30, 2024 | |
|---|---|---|
| Formation and operation costs | $12,841 | $41,305 |
| Net loss | $(12,841) | $(41,305) |
| Weighted average shares outstanding, basic and diluted(1) | 6,666,667 | 6,666,667 |
| Basic and diluted net loss per ordinary share | $(0.01) | $(0.01) |
| (1) | Excludes an aggregate of up to 1,000,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5). In May 2024, the Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in our initial shareholders holding an aggregate of 7,666,667 founder shares (up to 1,000,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised). All share and per share data have been retroactively restated to reflect this change. |
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
FOR THE THREE MONTHS ENDED JUNE 30, 2024
AND
PERIOD FROM JANUARY 29, 2024 (INCEPTION) TO JUNE 30, 2024
| Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Equity (Deficit) | |
| Balance - January 29, 2024 (inception) · - · $ · - · $ · - · $ · - · $ · - | |||||
| Issuance of Class B Ordinary Shares to Sponsor (1) | 7,666,667 | 767 | 24,233 | - | 25,000 |
| Net loss | - | - | - | (41,305) | (41,305) |
| Balance - June 30, 2024 | 7,666,667 | $767 | $24,233 | $(41,305) | $(16,305) |
| Balance - April 1, 2024 | 7,666,667 | $767 | $24,233 | $(28,464) | $(3,464) |
| Net loss | - | - | - | (12,841) | (12,841) |
| Balance - June 30, 2024 | 7,666,667 | $767 | $24,233 | $(41,305) | $(16,305) |
| (1) | This number includes up to 1,000,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5). In May 2024, the Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in our initial shareholders holding an aggregate of 7,666,667 founder shares (up to 1,000,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised). All share and per share data have been retroactively restated to reflect this change. |
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