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Midas Edge

Perimeter Acquisition Corp. I

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

PMTR$10.48-0.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Balance Sheet as of September 30, 2025 (Unaudited)

CONDENSED BALANCE SHEET

Assets:
Current assets
Cash$846,736
Prepaid expenses128,697
Total current assets975,433
Long-term prepaid insurance56,526
Cash and marketable securities held in Trust Account245,365,396
Total Assets$246,397,355
Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit
Current liabilities
Accrued offering costs$75,000
Accrued expenses228,554
Due to Sponsor—
Total current liabilities303,554
Convertible note - related party483,000
Deferred underwriting fee8,452,500
Total Liabilities9,239,054
Commitments and Contingencies (Note 5)-
Class A ordinary shares subject to possible redemption, $0.0001 par value; 24,150,000 shares at redemption value of $10.16 per share245,365,396
Shareholders’ Deficit
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding—
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 638,000 shares issued and outstanding (excluding 24,150,000 shares subject to possible redemption)64
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 6,037,500 shares issued and outstanding604
Additional paid-in capital—
Accumulated deficit(8,207,763)
Total Shareholders’ Deficit(8,207,095)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit$246,397,355

CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended September 30, 2025For the Period from March 6, 2025 (inception) through September 30, 2025
Formation and operating costs$273,302$616,475
Loss from operations(273,302)(616,475)
OTHER INCOME (EXPENSE)
Compensation expense—(124,740)
Income earned on marketable securities held in Trust Account2,569,0883,865,396
Total other income, net2,569,0883,740,656
NET INCOME$2,295,786$3,124,181
Basic weighted average Class A ordinary shares outstanding24,788,00016,565,058
Basic net income per Class A ordinary share$0.07$0.14
Diluted weighted average Class A ordinary shares outstanding24,788,00016,565,058
Diluted net income per Class A ordinary share$0.07$0.14
Basic weighted average Class B ordinary shares outstanding (1) (2)6,037,5005,751,022
Basic and diluted net income per Class B ordinary share$0.07$0.14
Diluted weighted average Class B ordinary shares outstanding (1) (2)6,037,5006,008,474
Diluted net income per Class B ordinary share$0.07$0.14
(1)On May 2, 2025, and on May 12, 2025, the Company effected a share capitalization pursuant to which the Company issued an additional 1,725,000 Founder Shares to the Sponsor and the independent director nominees for no additional consideration, resulting in an aggregate of 6,037,500 Founder Shares issued and outstanding. All share and per share data is retroactively presented (see Note 4 and Note 6).
(2)On May, 14, 2025, the underwriters exercised their over-allotment in full as part of the closing of the Initial Public Offering. As such, the 787,500 Founder Shares are no longer subject to forfeiture (see Note 4).

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND

FOR THE PERIOD FROM MARCH 6, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025

Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’
SharesAmountSharesAmountCapitalDeficitDeficit
Balance — March 6, 2025 (inception)—$——$—$—$—$—
Issuance of Class B ordinary shares to Sponsor (1)(2)——6,037,50060424,396—25,000
Net loss—————(46,095)(46,095)
Balance – March 31, 2025——6,037,50060424,396(46,095)(21,095)
Accretion for Class A ordinary shares to redemption amount————(8,295,814)(8,762,856)(17,058,670)
Sale of 638,000 Private Placement Units638,00064——6,379,936—6,380,000
Fair Value of Public Warrants at issuance————1,907,850—1,907,850
Allocated value of transaction costs to Class A shares————(141,108)—(141,108)
Share-based compensation to director nominees————124,740—124,740
Net Income—————874,490874,490
Balance – June 30, 2025638,000646,037,500604—(7,934,461)(7,933,793)
Accretion for Class A ordinary shares to redemption amount—————(2,569,088)(2,569,088)
Net Income—————2,295,7862,295,786
Balance – September 30, 2025638,000$646,037,500$604$—$(8,207,763)$(8,207,095)
(1)On May 2, 2025, and on May 12, 2025, the Company effected a share capitalization pursuant to which the Company issued an additional 1,725,000 Founder Shares to the Sponsor and the independent director nominees for no additional consideration, resulting in an aggregate of 6,037,500 Founder Shares issued and outstanding. All share and per share data is retroactively presented (see Note 4 and Note 6).
(2)On May, 14, 2025, the underwriters exercised their over-allotment in full as part of the closing of the Initial Public Offering. As such, the 787,500 Founder Shares are no longer subject to forfeiture (See Note 4).
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