Perimeter Acquisition Corp. I reported net income of $1.48M for the first quarter of 2026 and diluted earnings per share of $0.05, compared with a net loss of $(46,095) in the year-ago quarter. The company did not report operating revenue for the periods presented in Part I Items 1 and 2 of its 10-Q.
Financial Highlights
- Net income was $1.48M for Q1 2026, versus $(46,095) in Q1 2025.
- Diluted EPS was $0.05 for Q1 2026; no diluted EPS was reported for the year-ago quarter.
- Revenue: Not reported for the periods presented in Part I Items 1 and 2.
Business Highlights
- Perimeter Acquisition is a blank-check SPAC formed to complete one or more business combinations and has no operating revenues to date.
- $249.9M is held in trust to fund an initial business combination and post-combination operations.
- Management is actively identifying targets, conducting due diligence and negotiating transactions while operating with limited cash outside the trust.
- Management expects to complete a business combination by May 14, 2027 and warns of substantial doubt about the company’s ability to continue as a going concern if a combination is not completed.
- Public-company governance, reporting and diligence processes are in place; the company has incurred costs to support its IPO and deal sourcing efforts.
Original SEC Filing:
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