Perimeter Acquisition Corp I-A(PMTR) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,295,786, primarily from interest income of $2,569,088 on marketable securities held in the Trust Account, offset by operating costs of $273,302 [121]. - From inception on March 6, 2025, through September 30, 2025, the company achieved a net income of $3,124,181, consisting of interest income of $3,865,396, with total operating costs of $616,475 and compensation expenses of $124,740 [122]. 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 at $10.00 per Unit, including an over-allotment option [124]. - Following the Initial Public Offering, the company placed $241,500,000 in the Trust Account, incurring total offering costs of $13,995,620, which included cash underwriting fees and deferred underwriting fees [126]. Trust Account and Marketable Securities - As of September 30, 2025, the company held marketable securities in the Trust Account amounting to $245,365,396, which will be used to complete a Business Combination [129]. - The company had cash of $846,736 outside the Trust Account, intended for identifying and evaluating target businesses and related operational expenses [130]. Debt and Financing - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025, and incurs a monthly fee of $10,000 to the Sponsor for administrative services [137]. - The company may need to raise additional capital through loans or investments to meet working capital needs, with no assurance that new financing will be available [133]. - The liquidity condition raises substantial doubt about the company's ability to continue as a going concern within one year after the financial statements are issued, with plans to address this through a Business Combination [134]. - The company issued an unsecured promissory note of $483,000 to Gamma Securities LLC, which may be converted into units of the post-Business Combination entity [132].