SEC Filing Document

Company: Palermo Technologies Inc.
Ticker: 
CIK: 2101355
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-05-15
Accession Number: 0002097570-26-000016
Exchange: 
SIC Code: 4899
SIC Description: Communications Services, NEC
URL: https://www.sec.gov/Archives/edgar/data/2101355/000209757026000016/pale-20260512_s1a3.htm

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least a majority of independent directors, decisions concerning matters such as compensation packages to our senior officers and recommendations for director nominees, may be made by a majority of directors who have an interest in the outcome of the matters being decided. Prospective investors should bear in mind our current lack of corporate governance measures in formulating their investment decisions. Because we will not pay dividends in the foreseeable future, stockholders will only benefit from owning common stock if it appreciates. We have never paid dividends on our common stock and we do not intend to do so in the foreseeable future. We intend to retain any future earnings to finance our growth. Accordingly, any potential investor who anticipates the need for current dividends from his investment should not purchase our common stock. We are only subject to the reporting requirements of Section 15(d) of the Exchange Act of 1934.

At this time, we do not intend to register any of
our securities under Section 12 of the Exchange Act.  Accordingly, we are only subject to the reporting requirements of Section 15(d)
of the Exchange Act and those requirements are not as rigorous as those placed on companies that register its securities under Section
12.  Specifically, we are not subject to the any proxy rules, Section 16 reporting and short-swing profit provisions, beneficial
ownership reporting, and the bulk of the tender offer rules under U.S. securities laws and principal beneficial owners will not be required
to report their beneficial ownership of securities to the SEC pursuant to Section 16 of the Exchange Act.  Previously, a company
with more than 500 shareholders of record and $10 million in assets had to register under the Exchange Act.  However, the JOBS Act
raises the minimum shareholder threshold from 500 to either 2,000 persons or 500 persons who are not “accredited investors”
(or 2,000 persons in the case of banks and bank holding companies).  This means that access to information regarding our business
and operations will be limited.

If We Are Deemed to Be
a Shell Company, Our Ability to Raise Capital and Our Stockholders’ Ability to Resell Shares May Be Significantly Restricted.

Although we do not believe that
we are a shell company, if we were deemed to be a shell company as defined under Rule 405 of the Securities Act, we would be subject to
restrictions under Rule 144 that would limit the ability of our stockholders to resell their securities. In particular, Rule 144 would
not be available for the resale of our securities until we ceased to be a shell company, were subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, filed all required reports for at least 12 months, and filed “Form 10 information”
reflecting that we are no longer a shell company.

These restrictions could significantly limit the liquidity
of our securities and adversely affect the market price of our common stock. In addition, if investors are unable to rely on Rule 144
for resales, it may make our securities less attractive, which could impair our ability to raise additional capital through future financings.
Any such limitations could materially and adversely affect our business, financial condition, and prospects.

USE OF PROCEEDS

The net proceeds to us from the sale of the Shares
are estimated to be approximately $325,000 if the entire Offering is sold, of which there can be no assurance.

The net proceeds of this Offering will be used for
working capital, product development, marketing, and manufacturing.

25% of Offering Sold 50% of Offering Sold 75% of Offering Sold 100% of Offering Sold

Proceeds from this Offering $	62,500 $	150,000 $	237,500 $	325,000

Application of Proceeds Working Capital (1) $	7500 $	15,000 $	22,500 $	30,000

Product Development (2)

Software Design $	10,000 $	60,000 $	80,000 $	120,000

Software Development and Research $	10,000 $	20,000 $	30,000 $	40,000

Software Testing/Validation $	10,000 $	20,000 $	30,000 $	40,000

Total Product Development Expenses $	37,500 $	105,000 $	162,500 $	230,000

Marketing (3)

Company Website $	5,000 $	7,500 $	12,500 $	15,000

Communications $	5,000 $	7,500 $	12,500 $	15,000

Trade Shows 5,000 7,500 12,500 $	15,000

Strategic Marketing 5,000 7,500 12,500 $	15,000

Total Marketing Expenses $	20,000 $	30,000 $	50,000 $	60,000

Technology Infrastructure & Platform Operations (4) 5,000 $	15,000 $	25,000 $	35,000

Total $	62,500 $	150,000 $	237,500 $	325,000

(1)  Includes general and administrative expenses, as well as costs
associated with our becoming a reporting company under the Securities Act of 1933, as amended, and costs associated with having out Common
Stock approved for trading. The working capital is the first expense to be prioritized.

(2) These funds will be used for product development cycle including
the product design, prototype and testing. See “Description of Business.” We will prioritize the product development
before investing in manufacturing.

(3) Marketing will include the company website, communications and other
marketing methods including social media and influencer. This is our third priority, for further details, please see “Description
of Business.”

(4) The funds allocated to cloud infrastructure, hosting services, cybersecurity,
platform deployment and other technology-related operational costs..

None of the proposed allocations set forth in
the foregoing table is a firm commitment by us.  Projected expenditures are estimations or approximations only.  Actual
expenditures will differ from projected expenditures if: (1) less than the maximum offering is sold; (2) more funds than estimated
are required to accomplish the objectives set by management in a particular area; (3) a particular objective can be obtained with
less funding than anticipated; or (4) the objectives set by management are determined to be unobtainable.  To the extent that
the proposed objectives cannot be achieved for the scheduled amounts, management may draw supplemental amounts from other categories
of estimated expenses (if available), from operating revenues (if any) or from additional financing, the availability of which
cannot be assured.  Any amounts not expended for scheduled purposes will be reallocated for general corporate purposes.
In the event we are not successful in selling all of the Units offered herein, the amount allocated in the above table will be
reduced proportionately to the amount of proceeds actually received.

The foregoing table does not give effect to any additional
funds that may be advanced by any officers, directors or shareholders of the Company, if any.  There is no commitment from any officer,
director or shareholder to advance any additional funds.

None of the proceeds from the offering will be used
to pay promissory notes owed to our CEO.  Such promissory notes are interest free and are not due until December 31, 2025.
In addition, our CEO has represented that he intends to renew all of the promissory notes until the Company is in a financial position
to repay such promissory notes.

Management believes that the proceeds of this offering
will satisfy our net capital and cash requirements for at least 12 months following the completion of this offering, provided that all
of the Shares offered herein are sold.  In addition the amount raised from the offering should be sufficient to cover the cost of
product development.  It is estimated that product development including design prototyping and testing will be $143,000 if 100%
of the offering is sold.  Even if all the Shares are sold, it is anticipated they may need to obtain additional financing, either
debt or equity, in order to fully implement our business plan described herein.  We do not have existing arrangements to raise additional
capital through bank loans or otherwise should it be needed.  There can be no assurance that any additional funds could be secured
on terms favorable to us, or that they could be secured at all.

DETERMINATION OF OFFERING PRICE

The offering price of the Shares has been determined
arbitrarily by us.  The price does not bear any relationship to our assets, book value, earnings, or other established criteria for
valuing a privately held company.  In determining the number of shares to be offered and the offering price, we took into consideration
our capital structure and the amount of money we would need to implement our business plans.  Accordingly, the offering price should
not be considered an indication of the actual value of our securities.

DILUTION

The price of our offering of 3,500,000 shares is fixed at $0.10 per share. This
price is significantly higher than the $0.0001 price per share value for the issuance of the 5,000,000 shares of common stock to our founder
for services provided to us.