FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Table of Contents As filed with the Securities and Exchange Commission on February 11, 2026. Registration No. 333-293083 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Paloma Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Em ...

Financial Data and Key Metrics Changes - GAAP net income for Q4 2025 was $7 million or $0.08 per share, while full-year net income was $144 million or $1.72 per share [10] - GAAP book value at the end of Q4 was $19.70 per share, with an economic return on GAAP book value of -0.9% for Q4 and +7.4% for the full year [11] - Earnings available for distribution (EAD) for Q4 was $45 million or $0.53 per share, and for the full year, it was $141 million or $1.68 per share [11] Business Line Data and Key Metrics Changes - The investment portfolio segment reported economic net interest income of $65 million for Q4, with a yield on average interest-earning assets of 5.9% and a net interest spread of 1.4% [12] - HomeXpress funded $1 billion in production during Q4 with a gain-on-sale premium of 358 basis points, and its EBITDA was $11 million for the quarter [13] Market Data and Key Metrics Changes - The company ended the year with $528 million in total cash and unencumbered assets, down from $752 million at the end of Q3 [14] - Agency swap OAS tightened by approximately 22 basis points in Q4, while generic non-QM AAAs firmed by 5 basis points [20] Company Strategy and Development Direction - The company aims to build a hybrid REIT focused on diversification, liquidity, and fee-based income, with a clear plan to grow Agency RMBS and acquire MSRs [5][9] - The acquisition of HomeXpress is expected to enhance capabilities and reach, contributing to a diversified residential platform [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, focusing on unlocking capital and redeploying into earnings-accretive investments [24] - The company anticipates strong demand for non-QM loans and related securitized products, projecting significant growth in the market [25] Other Important Information - Compensation, general, and administrative expenses increased by $22 million year-over-year due to staffing costs related to acquisitions [16] - The company generated over $600 million of capital through portfolio and capital markets activity, supporting its portfolio realignment [18] Q&A Session Summary Question: Update on HomeXpress volume and gain on sale - Management noted typical seasonal reduction in volume but expects a strong first quarter compared to last year, with good gain on sale premiums [32][33] Question: Context for dividend increase - The company balanced dividend size with the need to retain capital for growth, ensuring sufficient EAD coverage [40][41] Question: Originating second liens and non-QM volume outlook - Currently not originating second mortgages but sees significant growth potential in non-QM loans, projecting a 20%-25% market growth in 2026 [46][48] Question: Change in book value and securitized debt - The decline in book value is attributed to faster increases in the value of securitized debt compared to loan values, but this does not affect economic risk [49][50] Question: Credit enhancement levels in securitization trusts - Management does not expect a material decline in credit enhancement levels, viewing securitization as an economic consideration [53][54]

This event highlights the importance of robust internal control systems and the need for exchanges to ensure the accuracy of their promotional activities. Strengthening these systems could prevent similar incidents and help maintain investor confidence in the cryptocurrency market.Bithumb, which trails behind Upbit in the South Korean crypto market, will likely face increased scrutiny and pressure to bolster its internal controls and prevent future errors of this magnitude.As per the report, the regulators’ ...

Gold (GC=F) April futures opened at $5,041.20 per troy ounce on Tuesday, down 0.8% from Monday’s closing price of $5,079.40. However, gold has opened higher than the previous day’s open for two consecutive days. Some analysts believe the gold price will continue to rise, despite last week’s pullback. On Tuesday, BNP Paribas SA’s David Wilson said gold could reach $6,000 an ounce by the end of 2026. And the Wells Fargo Investment Institute recently raised its 2026 gold prediction to $6,100 to $6,300 per ...

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Core Insights - The current real estate market presents a unique buying opportunity, particularly in the multifamily sector, according to Grant Cardone, who emphasizes that buyers should focus on favorable terms rather than just price [2][4]. Market Conditions - Cardone asserts that the current market is not comparable to the 2008 crisis, as overleveraged buyers are not prevalent this time [2]. - He highlights that 40% of U.S. homes are owned outright, and 65% of remaining mortgages are locked in at rates below 4% for up to 27 years, indicating that many homeowners have little incentive to sell [3]. Investment Strategy - Cardone advises potential buyers to target properties that are fully paid off and negotiate seller-financed terms at 3% for five years, effectively positioning themselves as the bank [1]. - He suggests that buyers should "surrender to the price and get the terms," focusing on favorable financing conditions rather than attempting to negotiate lower prices [1]. Buyer Behavior - Cardone criticizes current buyers for their unrealistic expectations regarding home prices, suggesting that many are misinformed about the market dynamics [4]. - He emphasizes that waiting for prices to drop significantly is futile, as many sellers are not under financial pressure to reduce their asking prices [4]. Alternative Investment Options - For those not ready to negotiate traditional home purchases, platforms like Arrived offer fractional shares of rental properties, allowing investors to participate in real estate with lower capital requirements [7][11].

Core Viewpoint - The article discusses allegations against Binance and its founder Changpeng Zhao regarding attempts to silence independent analysts who have raised concerns about the company's financial stability and its role in a significant liquidation event in the cryptocurrency market. Group 1: Allegations and Legal Threats - Independent analysts claim that Binance is threatening legal action against users who speak out about the company's alleged insolvency and its involvement in the October 10 liquidation event, referred to as the "10/10" event [1][2][4]. - A user named Lewsiphur reported receiving a cease-and-desist notice from Binance after making accusations about the exchange's financial health [4]. - Binance has denied these allegations, stating that it has not issued any legal threats against individuals making claims about its insolvency [5]. Group 2: Market Reactions and Data Analysis - Blockchain analytics firm CryptoQuant reported that Binance shows "no signs of stress," with reserves holding approximately 659,000 BTC and normal netflows, contrasting with the panic withdrawals seen after the FTX collapse [6]. - Binance experienced a net inflow of $586.50 million on February 4 and $1.30 billion over the preceding week, indicating continued investor confidence despite the surrounding controversy [8]. - The company attributed the October flash crash to macroeconomic pressures, excessive leverage, and Ethereum network congestion, while critics suggest a malfunction in Binance's trading infrastructure may have contributed [8].

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investment opportunities, particularly in sectors like banks, hotels, and logistics [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of investing in blue-chip companies initially has evolved into a broader investment strategy that includes various industries and market capitalizations [1]

Core Viewpoint - The article discusses the current financial challenges faced by Strategy Inc. (MSTR) due to the decline in Bitcoin prices, urging its Chair Michael Saylor to take action to stabilize the situation before the upcoming earnings report. Financial Position - Strategy Inc. has a total debt of $8.24 billion and owns 713,502 BTC, which were acquired for over $54 billion at an average price of $76,052 per BTC [1][5] - The company's Bitcoin position briefly turned negative as of the recent market conditions, indicating a potential financial strain [5] Market Commentary - Jim Cramer, a prominent market commentator, has been vocal about the need for Saylor to issue a zero-coupon convertible bond to prevent further decline in Bitcoin prices, identifying $73,802 as a critical support level [4][6] - Cramer emphasized that the company's earnings are dependent on stabilizing Bitcoin prices and urged Saylor to act before the earnings report [3][4] Investment Strategy - The article highlights the leveraged nature of MSTR as a Bitcoin proxy, with its strategy of issuing various financial instruments to acquire more Bitcoin as prices rise [1] - Saylor has previously stated that the firm is designed to withstand significant Bitcoin price drawdowns, indicating a long-term holding strategy [6]

Financial Data and Key Metrics Changes - Funds from operations (FFO) were $2.34 per share, up 8.8% quarter-over-quarter, and for the year, FFO per share growth was 7.7% [5][11] - Quarter-end leasing was at 97%, with occupancy at 96.5%, and average quarterly occupancy increased by 40 basis points from Q4 2024 to 96.2% [5][6] - Same-store occupancy reached 97.4%, with cash same-store rental line rising 8.4% for the quarter and 6.7% for the year [6][11] Business Line Data and Key Metrics Changes - Development leasing accounted for 52% of the annual total square footage in Q4, marking the best quarter of overall leasing in over three years [8] - Quarterly re-leasing spreads were 35% GAAP and 19% cash for leases signed during the quarter, with annual results at 40% and 25% respectively [6][11] Market Data and Key Metrics Changes - The company noted a flight to quality in the market, with its portfolio occupancy outperforming broader markets [8] - The construction pipeline is at a 7-8 year low, which is expected to lead to upward pressure on rents as demand stabilizes [9][33] Company Strategy and Development Direction - The company aims to capitalize on development opportunities based on its experience, balance sheet strength, and existing tenant expansion needs [9][10] - The company is expanding its footprint in Las Vegas and has added new land development sites in San Antonio and Northeast Dallas [10] - The company is modernizing its portfolio and exiting less strategic markets like Fresno [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market demand picking up momentum and the sustainability of this trend [17] - The company anticipates FFO for 2026 to be in the range of $2.25-$2.33 per share for Q1 and $9.40-$9.60 per share for the year, representing increases of 8% and 6.1% compared to the prior year [13] - Management highlighted the challenges in obtaining zoning and permitting, which may limit supply and create upward pressure on rents [9][88] Other Important Information - The company ended the year with $19 million drawn on its unsecured bank credit facility, leaving over $650 million in available capacity [12] - Projected G&A expenses for 2026 are $27 million, including costs related to executive team transitions [14] Q&A Session Summary Question: Can you walk through the development leasing trends and prospect activity? - Management noted that the uptick in development leasing was primarily due to long-awaited decisions being made, with a mix of expansions and new tenants [22][24] Question: How is the development leasing translating into pricing or market rent growth? - Management indicated that while demand has picked up, it has not yet translated into significant rent growth, but they are optimistic due to low construction pipeline levels [32][33] Question: What are the expectations for competitive supply and lender appetite for development? - Management expressed confidence in the tight competitive supply and noted that while there is institutional demand, the process of securing land and permits remains challenging [44][88] Question: What yields are anticipated on new starts? - Management expects yields on new starts to be similar to those achieved in 2025, with a strong land bank and permits in hand [52][53] Question: How will the expanded management structure improve operations? - Management highlighted that the restructuring aims to enhance operational efficiencies and better support field teams, allowing for quicker decision-making [95][100]