What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-27 compared with 2025-03-31 · 37 added, 43 removed, 5 unchanged (94% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.

Market Information

Our Units, Public Shares and

Public Warrants are each traded on the Nasdaq Global Market under the symbols “SIMAU”,

Units, Public Shares and Public Warrants are each traded on the Nasdaq Global Market under the symbols “SIMAU”,

“SIMA” and “SIMAW” , respectively.

Our Units commenced public trading on July 10, 2024, and our Public Shares

and Public Warrants commenced separate public trading on August 30, 2024 .

On March 31, 2025, there was

one holder of record of our Units, one holder of record of our Class A Ordinary Shares and three holders of record of our Warrants.

We have not paid any cash

dividends on our Ordinary Shares to date and do not intend to pay cash dividends prior to the completion of our initial Business Combination.

The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general

financial condition subsequent to completion of our initial Business Combination.

The payment of any cash dividends subsequent to our

initial Business Combination will be within the discretion of our Board of Directors at such time.

In addition, our Board of Directors

is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future.

Further, if we incur any

indebtedness in connection with our initial Business Combination, our ability to declare dividends may be limited by restrictive covenants

we may agree to in connection therewith.

Securities Authorized for Issuance Under Equity Compensation Plans

Performance Graph

As a smaller reporting company,

we are not required to provide the information required by Regulation S-K Item 201(e).

Recent Sales of Unregistered Securities

Our Units commenced public trading on July 10, 2024, and our Public

Shares and Public Warrants commenced separate public trading on August 30, 2024 .

March 27, 2026, there was one holder of record of our Units, one holder of record of our Class A Ordinary Shares and three holders

of record of our Warrants.

have not paid any cash dividends on our Ordinary Shares to date and do not intend to pay cash dividends prior to the completion of our

initial Business Combination.

The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital

requirements and general financial condition subsequent to completion of our initial Business Combination.

The payment of any cash dividends

subsequent to our initial Business Combination will be within the discretion of our Board of Directors at such time.

In addition, our

Board of Directors is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future.

if we incur any indebtedness in connection with our initial Business Combination, our ability to declare dividends may be limited by

restrictive covenants we may agree to in connection therewith.

Authorized for Issuance Under Equity Compensation Plans

a smaller reporting company, we are not required to provide the information required by Regulation S-K Item 201(e).

Sales of Unregistered Securities

Simultaneously

with the closing of the Initial Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, pursuant to the

Private Placement Warrants Purchase Agreements, dated July 9, 2024, which we entered into with the Sponsor and Cantor, respectively,

we completed the private sale of an aggregate of 6,000,000 warrants to the Sponsor and Cantor at a price of $1.00 per Private

Placement Warrant, or $6,000,000 in the aggregate.

Of those 6,000,000 Private Placement Warrants, the Sponsor purchased 4,000,000

Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants.

Each Private Placement Warrant is exercisable

to purchase one Class A Ordinary Share at $11.50 per share.

The Private Placement Warrants (and underlying securities) are identical

to the Public Warrants, except as otherwise disclosed herein.

No underwriting discounts or commissions were paid with respect to the

Private Placement.

The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in

Section 4(a)(2) of the Securities Act.

Use of Proceeds from the Initial Public Offering

a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our 2024 First

Quarter Form 10-Q.

There has been no material change in the planned use of proceeds from our Initial Public Offering and Private Placement

as described in the IPO Registration Statement.

with the closing of the Initial Public Offering, and pursuant to the Private Placement Warrants Purchase Agreements, dated July 9, 2024,

which we entered into with the Sponsor and Cantor, respectively, we completed the private sale of an aggregate of 6,000,000 warrants

to the Sponsor and Cantor at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate.

Of those 6,000,000 Private

Placement Warrants, the Sponsor purchased 4,000,000 Private Placement Warrants and Cantor purchased 2,000,000 Private Placement Warrants.

Each Private Placement Warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share.

The Private Placement Warrants

(and underlying securities) are identical to the Public Warrants, except as otherwise disclosed herein.

No underwriting discounts or

commissions were paid with respect to the Private Placement.

The issuance of the Private Placement Warrants was made pursuant to the

exemption from registration contained in Section 4(a)(2) of the Securities Act.

Use of Proceeds from the

Initial Public Offering

a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our 2024

First Quarter Form 10-Q.

There has been no material change in the planned use of proceeds from our Initial Public Offering and Private

Placement as described in the IPO Registration Statement.

The specific investments in our Trust Account may change from time to tim e.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

of Equity Securities by the Issuer and Affiliated Purchasers

were no such repurchases of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity