---
title: "SIM Acquisition Corp I | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280848754.md"
datetime: "2026-03-27T21:22:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280848754.md)
  - [en](https://longbridge.com/en/news/280848754.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280848754.md)
---

# SIM Acquisition Corp I | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.28.

EBIT: As of FY2025, the actual value is USD -10.8 M.

SIM Acquisition Corp. I has not generated any operating revenues to date, focusing on formation, its Initial Public Offering, and identifying business combination candidates for its activities.

#### Operational Metrics

-   **Net Income**:
    -   For the year ended December 31, 2025, SIM Acquisition Corp. I reported a net income of $8,789,649, which included $9,795,490 in interest income from the Trust Account, offset by $1,005,841 in general and administrative costs.
    -   For the period from January 29, 2024 (inception) to December 31, 2024, net income was $4,747,104, consisting of $5,322,812 in interest income from the Trust Account and $575,708 in general and administrative costs.
-   **General and Administrative Expenses**:
    -   Expenses were $1,005,841 for the year ended December 31, 2025.
    -   Expenses were $575,708 for the period from January 29, 2024 (inception) to December 31, 2024.

#### Cash Flow

-   **Cash Balance**:
    -   As of December 31, 2025, the cash balance was $65,427, a decrease from $697,085 as of December 31, 2024.
-   **Working Capital**:
    -   SIM Acquisition Corp. I had a working capital deficit of -$34,166 as of December 31, 2025, compared to a working capital surplus of $791,676 as of December 31, 2024.
-   **Trust Account Funds**:
    -   The Trust Account held $245,118,303 as of December 31, 2025, an increase from $235,322,812 as of December 31, 2024.
    -   These funds are invested in money market funds that meet Rule 2a-7 conditions under the Investment Company Act.

#### Unique Metrics

-   **Class A Ordinary Shares Subject to Possible Redemption**:
    -   The value was $245,018,303 as of December 31, 2025.
    -   The value was $235,222,812 as of December 31, 2024.
-   **Deferred Underwriting Payable**:
    -   This liability remained at $10,950,000 for both December 31, 2025, and December 31, 2024.
    -   However, a Fee Reduction Agreement on January 28, 2026, modified this to a non-refundable cash fee of 1.5% of the aggregate amount delivered from the trust account upon closing of an initial business combination, in lieu of the original $10,950,000 deferred fee.

#### Outlook / Guidance

SIM Acquisition Corp. I faces substantial doubt about its ability to continue as a going concern due to the mandatory liquidation date of July 11, 2026, if a business combination is not completed. Management plans to use funds outside the Trust Account, including a new $1,500,000 promissory note from the Sponsor, to fund operations and search for a target business. The company anticipates using substantially all funds in the Trust Account for a business combination, with any remaining proceeds for working capital, acquisitions, or growth strategies.

### Related Stocks

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

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