---
title: "SIM ACQUISITION CORP. I WTS 01/06/31 (TO SUB FOR ORD) | 10-Q: FY2025 Q1 EPS: USD 0.07"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240232854.md"
datetime: "2025-05-14T20:33:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240232854.md)
  - [en](https://longbridge.com/en/news/240232854.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240232854.md)
---

# SIM ACQUISITION CORP. I WTS 01/06/31 (TO SUB FOR ORD) | 10-Q: FY2025 Q1 EPS: USD 0.07

EPS: As of FY2025 Q1, the actual value is USD 0.07.

### Segment Revenue

-   The company has not commenced any operations and will not generate operating revenues until after the completion of its Business Combination.

### Operational Metrics

-   **Net Income (Loss)**: For the three months ended March 31, 2025, net income was $2,222,746, which includes $2,464,218 of interest income earned on the Trust Account, offset by $241,472 of general and administrative costs.
-   **General and Administrative Expenses**: $241,472 for the three months ended March 31, 2025, compared to $28,464 for the period from January 29, 2024 (inception) to March 31, 2024.

### Cash Flow

-   **Operating Cash Flow**: Net cash used in operating activities was - $185,388 for the three months ended March 31, 2025.
-   **Cash Balance**: As of March 31, 2025, the cash balance was $511,697.

### Unique Metrics

-   **Interest Income**: Interest earned on cash and marketable securities held in the Trust Account was $2,464,218 for the three months ended March 31, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: The company intends to effectuate its initial Business Combination using cash from the proceeds of the Initial Public Offering and the Private Placement, among other sources.
-   **Non-Core Business**: The company may pursue an initial Business Combination in any business or industry, but is focusing on companies in the healthcare industry.
-   **Priority**: If unable to complete the initial Business Combination by July 11, 2026, the company will cease operations, redeem public shares, and liquidate.

### Related Stocks

- [SIMAW.US](https://longbridge.com/en/quote/SIMAW.US.md)

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