Perimeter Acquisition Corp. I
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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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.
Jun 30, 2026 · Filed Aug 13, 2026
PMTR$10.49-0.1%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001493152-26-023853
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001493152-26-037779
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 32 previous paragraphs and 35 current paragraphs.
24 unchanged; 7 reworded; 4 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (4)
Current report
For the three months ended June 30, 2026, we had a net income of $1,943,947, which consists of interest earned on cash held in Trust Account of $2,166,061 and interest earned on cash held in Operating Bank Account of $1,553, partially offset by operating costs of $223,667.
Current report
For the six months ended June 30, 2026, we had a net income of $3,425,793, which consists of interest earned on cash held in Trust Account of $4,316,176 and interest earned on cash held in Operating Bank Account of $1,656, partially offset by operating costs of $892,039.
Current report
For the period from March 6, 2025 (Inception) through June 30, 2025, we had a net income of $828,395, which consists of interest earned on cash held in Trust Account of $1,296,308, partially offset by operating costs of $467,913.
Current report
For the period from March 6, 2025 (Inception) through June 30, 2025, cash used in operating activities was $322,424. Net income of $828,395 was affected by interest earned on cash held in Trust Account of $1,296,308, payment of general and administrative costs through promissory note – related party of $36,220, and formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares of $7,422. Changes in operating assets and liabilities used $101,847 of cash for operating activities.
Removed paragraphs (1)
Previous report
For the period from March 6, 2025 (inception) through March 31, 2025, we had a net loss $46,095, which consisted of formation, general and administrative expenses.
Reworded paragraphs (7)
Previous wording
For the three months ended March 31, 2026, we had a net income of $1,481,846, which consists of interest income earned on cash held in the Trust Account of $2,150,115, partially offset by operating costs of $668,269.
Current wording
For the three months ended June 30, 2025, we had a net income of $874,490, which consists of interest earned on cash held in Trust Account of $1,296,308, partially offset by operating costs of $421,818.
Previous wording
For the three months ended March 31, 2026, cash used in operating activities was $259,504. Net income of $1,481,846 was affected by interest income earned on cash held in the Trust Account of $2,150,115. Changes in operating assets and liabilities used $408,765 of cash for operating activities.
Current wording
For the six months ended June 30, 2026, cash used in operating activities was $362,623. Net income of $3,425,793 was affected by interest earned on cash held in Trust Account of $4,316,176. Changes in operating assets and liabilities provided $527,760 of cash for operating activities.
Previous wording
As of March 31, 2026, we had cash held in the Trust Account of $249,900,633. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any taxes payable and excluding deferred underwriting commissions), to complete our business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of June 30, 2026, we had cash held in Trust Account of $252,066,694. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any taxes payable and excluding deferred underwriting commissions), to complete our business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of March 31, 2026, we had cash of $503,428. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.
Current wording
As of June 30, 2026, we had cash of $400,309. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.
Previous wording
The underwriters were entitled to a deferred underwriting commissions of $0.35 per Public Share, or $8,452,500 in the aggregate. The deferred fee will be payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.
Current wording
The underwriters were entitled to a deferred underwriting commission of $0.35 per Public Share, or $8,452,500 in the aggregate. The deferred fee will be payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.
Previous wording
The preparation of the unaudited condensed financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. During the quarter ended March 31, 2026, management made accounting estimates on public warrants and convertible notes. Accordingly, the actual results could materially differ from those estimates.
Current wording
The preparation of the unaudited condensed financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. As of the date of the initial public offering, management made accounting estimates on public warrants and convertible notes. Accordingly, the actual results could materially differ from those estimates. As of June 30, 2026, management did not have any additional critical accounting estimates to disclose.
Previous wording
Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying unaudited condensed financial statement.
Current wording
Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying unaudited condensed financial statements.