SEC Filing Document

Company: Palermo Technologies Inc.
Ticker: 
CIK: 2101355
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-04-02
Accession Number: 0002097570-26-000013
Exchange: 
SIC Code: 4899
SIC Description: Communications Services, NEC
URL: https://www.sec.gov/Archives/edgar/data/2101355/000209757026000013/pale-20260331_s1a2.htm

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election. We have no present intention to pay cash dividends to the holders of Common Stock. Our bylaws permit stockholders holding a majority of the voting power of our outstanding capital stock to take action by written consent in lieu of an annual or special meeting of stockholders. Following this offering, Mr. McClay will beneficially own a majority of the voting power of our outstanding capital stock. As a result, Mr. McClay will have the ability to take stockholder actions, including the election of directors, by written consent without holding an annual meeting of stockholders. Accordingly, annual meetings of stockholders may not occur for so long as Mr. McClay maintains majority voting control. TRANSFER AGENT AND REGISTRAR We have not retained a transfer agent as of the date of this Prospectus but intend to retain the same in the foreseeable future for our Common Stock. SHARES ELIGIBLE FOR FUTURE SALE

In the event our Common Stock is approved for
trading in the future, of which there can be no assurance, market sales of shares of our Common Stock after this offering and from
time to time, and the availability of shares for future sale, may reduce the market price of our Common Stock.  Sales of
substantial amounts of our Common Stock, or the perception that these sales could occur, could adversely affect prevailing market
prices for our Common Stock and could impair our future ability to obtain capital, especially through an offering of equity
securities.  After the effective date of the registration statement of which this Prospectus is a part, all of the shares sold
in this offering, will be freely tradable without restrictions or further registration under the Securities Act, unless the shares
are purchased by our affiliates.  After the effective date of the registration statement of which this Prospectus is a part,
all of the shares sold in this offering, constituting 3,500,000 shares, will be freely tradable without restrictions or further
registration under the Securities Act, unless the shares are purchased by our affiliates, as that term is defined in Rule 144 under
the Securities Act.  The balance of 5,000,000 shares which are not being registered and which are owned by our management and
affiliates will be eligible for sale pursuant to the exemption from registration.  However, sale of these shares are limited to
selling only 1% of our issued and outstanding shares every 90 days.

If our application to trade our Common Stock on the OTC Pink Market is
approved, of which there can be no assurance, it is anticipated that our Common Stock will be considered a “penny stock” and
will continue to be considered a penny stock so long as it trades below $5.00 per share and as such, trading in our Common Stock will
be subject to the requirements of Rule 15g-9 under the Securities Exchange Act of 1934.  Under this rule, broker/dealers who recommend
low-priced securities to persons other than established customers and accredited investors must satisfy special sales practice requirements.
The broker/dealer must make an individualized written suitability determination for the purchaser and receive the purchaser’s written
consent prior to the transaction.

SEC regulations also require additional disclosure
in connection with any trades involving a “penny stock,” including the delivery, prior to any penny stock transaction, of
a disclosure schedule explaining the penny stock market and its associated risks.  In addition, broker-dealers must disclose commissions
payable to both the broker-dealer and the registered representative and current quotations for the securities they offer.  The additional
burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from recommending transactions in our securities,
which could severely limit the liquidity of our securities and consequently adversely affect the market price for our securities.
In addition, few broker or dealers are likely to undertake these compliance activities.  Other risks associated with trading in penny
stocks could also be price fluctuations and the lack of a liquid market.  See “RISK FACTORS.”

RULE 144

Rule 144, adopted by the Securities and Exchange Commission
pursuant to the Securities Act of 1933, generally provides an exemption for the resale or privately offered securities provided the conditions
of the rule are met, which include, among other limitations, that the securities be held for a minimum of six months due to the fact that
we expect to be a reporting company pursuant to the Securities Exchange Act of 1934, as amended.  Consequently, our shareholders
who are affiliates and whose shares are not being registered as part of the registration statement we have filed with the SEC (of which
this Prospectus is a part) may not be able to avail themselves of Rule 144 or otherwise be readily able to liquidate their investments
in the event of an emergency or for any other reason, and the shares may not be accepted as collateral for a loan.  If such non-affiliate
has owned the shares for at least six months, he or he may sell the shares without complying with any of the restrictions of Rule 144
once we are deemed a reporting company.

Rule 144 under the Act provides an exemption from the registration requirements
of the Securities Act and allows the holders of restricted securities to sell their securities utilizing one of the provisions of this
Rule.

INTERESTS OF NAMED EXPERTS AND COUNSEL

No expert or counsel named in this Prospectus as having
prepared or certified any part of this Prospectus or having given an opinion upon the validity of the securities being registered or upon
other legal matters in connection with the registration or offering of the Common Stock was employed on a contingency basis, or had, or
is to receive, in connection with the offering, a substantial interest, direct or indirect, in the Company or any of its parents or subsidiaries.
Nor was any such person connected with the Company or any of its parents or subsidiaries as a promoter, managing or principal underwriter,
voting trustee, director, officer, or employee.

LEGAL MATTERS

The validity of the Common Stock offered hereby will
be passed upon by Mont E. Tanner, Attorney at Law, Las Vegas, Nevada.

EXPERTS

Our financial statements as of and for the years ended July 31, 2025 included
herein, have been audited by Boladale Lawal & Co, Lagos, Nigeria, independent registered public accountants, as indicated in their
report with respect thereto, and are in reliance upon the authority of said firm as experts in accounting and auditing.

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION

FOR SECURITIES ACT LIABILITIES

Insofar as indemnification for liabilities arising
under the Securities Act of 1933 (the “Act” or “Securities Act”) may be permitted to directors, officers or persons
controlling our Company pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities
and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

ADDITIONAL INFORMATION

We have filed this registration statement on Form
S-1, including exhibits, with the SEC with respect to the shares being offered in this offering.  This Prospectus is part of the
registration statement, but it does not contain all of the information included in the registration statement or exhibits.  If and
when the SEC declares our registration statement effective, we will begin filing reports pursuant to the Securities Exchange Act of 1934,
as amended.  For further information with respect to our Common Stock, and us we refer you to the registration statement and to the
exhibits and schedules to the registration statement.  Statements contained in this Prospectus as to the contents of any contract
or any other document referred to herein are not necessarily complete, and in each instance, we refer you to the copy of the contract
or other document filed as an exhibit to the registration statement.  Each of these statements is qualified in all respects by this
reference.  You may inspect a copy of the registration statement without charge at the SEC’s principal office in Washington,
D.C., and copies of all or any part of the registration statement may be obtained from the Public Reference Section of the SEC, 100 F.
St. NE, Washington, D.C. 20549, upon payment of fees prescribed by the SEC.  The SEC maintains a worldwide website that contains
reports, proxy and information statements and other information regarding registrants that file electronically with the SEC.  The
address of the website is http://www.sec.gov.  The SEC’s toll free investor information service can be reached at 1-800-SEC-0330.

FINANCIAL STATEMENTS

The audited financial statements for the fiscal years
ending July 31, 2025 are set forth on pages F-1 through F-10.

Index

Financial Statements for the Year Ended

July 31, 2025

Independent Auditor’s Report F-2

Balance Sheets at July 31, 2025 F-3

Statements of Operations for the Year Ended July 31, 2025 F-4

Statements of Cash Flows for the Year Ended July 31, 2025 F-5

Statements of Changes in Stockholders’ Equity for the Year Ended July 31, 2025 F-6

Notes to Financial Statements F-7

Report of Independent Registered Public Accounting
Firm