Perimeter Acquisition Corp I-A(PMTR) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $874,490, primarily from interest income of $1,296,308 on marketable securities, offset by operating costs of $297,078 and compensation expenses of $124,740 [117]. - Cash used in operating activities from inception through June 30, 2025, was $322,424, with a net income of $828,395 influenced by interest income from marketable securities [124]. - The company does not expect to generate operating revenues until after the completion of its Business Combination [116]. Marketable Securities and Trust Account - As of June 30, 2025, the company held marketable securities in the Trust Account amounting to $242,796,308, which will be used to complete the Business Combination [125]. - The company intends to use funds held outside the Trust Account, amounting to $630,128, primarily for identifying and evaluating target businesses [123]. Initial Public Offering - The company completed its Initial Public Offering on May 14, 2025, raising gross proceeds of $241,500,000 from the sale of 24,150,000 Units, including an over-allotment option [120]. - The company incurred total offering costs of $13,995,620, which included $4,347,000 in cash underwriting fees and $8,452,500 in deferred underwriting fees [122]. Debt and Financing - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025, and has a monthly obligation of $10,000 to the Sponsor for administrative services [130][131]. - The company has a Working Capital Note of $483,000, which can be converted into units at $10.00 per unit upon the completion of the Business Combination [128]. - The company may need additional financing to complete its Business Combination or to cover redemptions of Public Shares, which could involve issuing additional securities or incurring debt [129].