Perimeter Acqsn SEC Filings

Perimeter Acquisition Corp. I reported Q3 2025 results as a newly formed SPAC. Net income was $2,295,786, driven by $2,569,088 of interest earned on funds in its trust, partially offset by $273,302 of operating costs. Since inception (March 6, 2025) through September 30, 2025, net income totaled $3,124,181.

The balance sheet shows cash and marketable securities in the Trust Account of $245,365,396. Class A ordinary shares subject to possible redemption were 24,150,000 at a redemption value of $10.16 per share. Cash outside the trust was $846,736, working capital was $671,879, and deferred underwriting fees were $8,452,500. A $483,000 unsecured, non‑interest‑bearing working capital note is outstanding and is convertible into units at $10.00 upon a Business Combination.

There were 12,394,000 warrants outstanding, each whole warrant exercisable at $11.50 per share, and, as of November 12, 2025, 24,788,000 Class A and 6,037,500 Class B shares were outstanding. Management disclosed that liquidity conditions raise substantial doubt about the ability to continue as a going concern; the company intends to complete a Business Combination within 24 months from the IPO closing, but completion is not assured.