S
SIM Acquisition Corp. I
SIMAWCIK 0002014982NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$8.79M
Total Assets
$245.39M
Equity
$-10.88M
Shares Out
—
Op. Cash Flow
$-631.7K
Business
SIM Acquisition Corp. I is a blank check company formed to effect a Business Combination, with a strategic focus on identifying and acquiring healthcare-related businesses. It offers acquisition and public-spaceting services, including structuring mergers, facilitating capital market access and providing governance and diligence support for a target company. Its key components include its Sponsor (Sauvegarder Investment Management and SIM platform), its management team responsible for sourcing and executing transactions, and the trust-account framework for IPO proceeds. The company targets opportunities primarily in the U.S., Europe and Israel and access public markets and M&A channels to consummate transactions.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| General and administrative expenses | −1 | −575,708 | |
| Loss from Operations | −1 | −575,708 | |
| Interest earned on cash and marketable securities held in Trust Account | 10 | 5 | |
| Total Other income | 10 | 5 | |
| Net income | 9 | 5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 |
|---|---|---|---|---|
| Cash | 65,427 | 697,085 | — | |
| Prepaid Expenses | 205,000 | 127,200 | — | |
| Total Current Assets | 270,427 | 824,285 | — | |
| Long-term prepaid expense | — | 180,000 | — | |
| Cash and Marketable Securities Held in Trust Account | 245 | 235 | — | |
| Total Assets | 245 | 236 | — | |
| Accounts payable and accrued expenses | 304,592 | 32,609 | — | |
| Total Current Liabilities | 304,592 | 32,609 | — | |
| Deferred underwriting payable | 11 | 11 | — | |
| Total Long Term Liabilities | 11 | 11 | — | |
| Total Liabilities | 11 | 11 | — | |
| COMMITMENTS | — | — | — | |
| Preference shares, $.0001 par value, 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and December 31, 2024 | — | — | — | |
| Accumulated Deficit | −11 | −10 | — | |
| Total Shareholders Deficit | −11 | −10 | — | |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT | 245 | 236 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation Costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | 6,364 | |
| Change in deferred operating costs | — | — | |
| Increase in cash attributable to Prepaid Expense | 102,200 | −307,200 | |
| Increase in cash attributable to Accounts Payable and Accrued Expenses | 271,983 | 32,609 | |
| Net cash used in operating activities | −631,658 | −843,935 | |
| Investment of Cash in Trust Account | — | −230 | |
| Net cash used in investing activities | — | −230 | |
| Promissory note - related party | — | 260,000 | |
| Proceeds from sale of units 23,000,000, net of underwriting discounts paid | — | 226 | |
| Proceeds from sale of Private Placement at gross amount | — | 6 | |
| Repayment of Promissory Note - Related Party | — | −297,500 | |
| Payment of Offering Costs | — | −421,480 | |
| Net cash provided by financing activities | — | 232 | |
| Net increase (decrease) in cash | −631,658 | 697,085 | |
| Formation costs and offering costs paid by Sponsor for the issuance of Founder Shares | — | 25,000 | |
| Deferred offering costs included in accounts payable and accrued expenses | — | 5,000 | |
| Offering costs paid through Notes payable-related party | — | 37,500 | |
| Deferred Underwriter Commissions | — | 11 |
Filings
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