SIM Acquisition Corp. I
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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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Balance Sheet as of December 31, 2024
BALANCE SHEET
| ASSETS | |
|---|---|
| Current Assets | |
| Cash | $697,085 |
| Prepaid Expenses | 127,200 |
| Total Current Assets | 824,285 |
| Long-Term Prepaid Expense | 180,000 |
| Cash and Marketable Securities Held in Trust Account | 235,322,812 |
| Total Assets | $236,327,097 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | |
| Current liabilities | |
| Accounts payable and accrued expenses | $32,609 |
| Total Current Liabilities | 32,609 |
| Long term liabilities | |
| Deferred Underwriting Payable | 10,950,000 |
| Total Long Term Liabilities | 10,950,000 |
| Total Liabilities | 10,982,609 |
| COMMITMENTS | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.11 per share | 235,222,812 |
| 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 (Excluding 23,000,000 Class A Ordinary shares to possible redemption) | - |
| Class B ordinary shares, $.0001 par value, 50,000,000 shares authorized; 7,666,667 shares issued and outstanding | 767 |
| Accumulated Deficit | (9,879,091) |
| Total Shareholders’ Deficit | (9,878,324) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $236,327,097 |
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