SEC Filing Document

Company: Palermo Technologies Inc.
Ticker: 
CIK: 2101355
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-03-05
Accession Number: 0002097570-26-000011
Exchange: 
SIC Code: 4899
SIC Description: Communications Services, NEC
URL: https://www.sec.gov/Archives/edgar/data/2101355/000209757026000011/pale-20260304_s1a1.htm

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of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets. Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little
or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash approximates its fair value
due to its short-term maturity.

Stock-Based Compensation

Stock-based compensation is accounted for at fair
value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Basic and Diluted Net Loss per Common
Share

Basic loss per common share is computed
by dividing the net loss by the weighted average number of shares of common stock outstanding for each period. Diluted loss per share
is computed by dividing the net loss by the weighted average. The number of shares of common stock outstanding plus the dilutive effect
of shares issuable through the common stock equivalents. The weighted-average number of common shares outstanding excludes common stock
equivalents because their inclusion would be anti-dilutive.

Comprehensive Income

Comprehensive income is defined as all changes in
stockholders’ deficit, exclusively of transactions with owners, such as capital investments. Comprehensive income includes net income
or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments
in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of July 31, 2025, there were no differences
between our comprehensive loss and net loss.

Foreign Currency Translation

The Company’s functional and reporting currency
is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation
Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at
the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect
at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation
or settlement of foreign currency denominated transactions or balances are included in the statement of operations.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not
yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

INFLATION

We do not believe that inflation had a material effect
on our results of operations during the twelve month period ended July 31, 2025.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS

The board of directors elects our executive officers
annually.  A majority vote of the directors who are in office is required to fill vacancies.  Each director is elected for the
term of one year, and until his or her successor is elected and qualified, or until his earlier resignation or removal.  The name,
address, age and position of our sole officer and director are as follows:

Name Address Age Position(s)

Roger McClay 1122-1577 Gulf Road
Point Roberts, WA 98281 76 President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary, Director

The persons named above are expected to hold said
offices/positions until the next annual meeting of our stockholders.

RESUMES

Roger McClay, President, Secretary, Treasurer,
Director

Roger McClay,76, has over 50 years of experience in the natural resources
sector. He has served as an officer and director of seven public companies, focusing on project development, corporate finance and management.
Since 2023, he has been President and CEO of International Slipcoat Inc., a private company engaged in international sales within the
mining, cement, and coal transportation industries. From 2005 to present, he has also served as President and CEO of BCT Mining Corp.,
BCT Holdings Ltd., and Goldbridge Mining Ltd., all private companies involved in mine contracting, mine development and geological exploration,
with projects spanning North America, Indonesia and Ecuador.

Throughout his career, he has been actively involved in international resource
project management, acquisitions, mergers and development, with a strong focus on building natural resource projects from exploration
through to production. In addition to his mining and resource ventures, he has also acted as President in both the Hazardous Metal Recovery
business and the Aircraft Engine Development business, reflecting the breadth of his leadership experience across multiple industries.

During the past 5 years, Mr. McClay has not held any other directorships
in a company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section
15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

FAMILY RELATIONSHIPS

None.

BOARD COMMITTEES; CORPORATE GOVERNANCE

Our Board of Directors acts as our Audit Committee
and the Board has no separate committees.

EXECUTIVE COMPENSATION

REMUNERATION

The following table sets forth information concerning
all cash and non-cash compensation awarded to, earned by or paid to our executive officers. We do not currently have an established
policy to provide compensation to members of our Board of Directors for their services in that capacity, although we may choose to adopt
a policy in the future.

Summary Compensation Table

Salary Bonus Option Awards All Other Compensation Total

Name and Principal Position Year ($) ($) ($) ($) ($)

Roger McClay 2025 – – – – –

COMPENSATION OF DIRECTORS

Our director is not currently being compensated and
we expect no compensation to be paid for the foreseeable future.  Although no payments to Directors have been made, they may be reimbursed
for actual expenses incurred for each meeting of the Board that they attend.

STOCK PLAN

We have not adopted a stock plan but may do so in
the future.

EMPLOYMENT AGREEMENTS

None of our executive officers are party to any employment
agreement with us.

DIRECTOR INDEPENDENCE

Our securities are not currently traded on any public
exchange and as such, we are not currently subject to corporate governance standards of listed companies, which require, among other things,
that the majority of the board of directors be independent.  We are not currently subject to corporate governance standards defining
the independence of our directors, and we have chosen to define an “independent” director in accordance with the NASDAQ Global
Market’s requirements for independent directors.

Under the NASDAQ rules, our current director does
not qualify as an independent director.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT

The following table sets forth certain information,
as of the date of this Prospectus the total number of shares owned beneficially by our sole director and officer as well as all present
owners of 5% or more of our total outstanding shares.  The table also reflects what the percentage of ownership will be assuming
completion of the sale of all shares in this offering, which we cannot guarantee.  The stockholder listed below has direct ownership
of his shares and possesses sole voting and dispositive power with respect to the shares.

Number of Shares Percentage of Outstanding
Common Shares*

Name and Address Title of Class Beneficially Owned Prior to Offering

Roger McClay, CEO & Director
1122-1577 Gulf Road
Point Roberts, WA 98281 Common 5,000,000 58.82	%

Officers and Directors as a group (1 person) Common 5,000,000 58.82	%

* Based on 3,500,000 shares sold in the offering

FUTURE SALES BY EXISTING STOCKHOLDERS

A total of 5,000,000 shares have been issued to the
existing stockholders.  They are restricted securities, as that term is defined in Rule 144 of the Rules and Regulations of the SEC
promulgated under the Act.  Under Rule 144, such shares can be publicly sold, subject to volume restrictions and certain restrictions
on the manner of sale, commencing six months after their acquisition.

Any sale of shares held by the existing stockholder
(after applicable restrictions expire) and/or the sale of shares purchased in this offering (which would be immediately resalable after
the offering), may have a depressive effect on the price of our common stock in any market that may develop, of which there can be no
assurance.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

On July 2, 2025, Roger McClay acquired 5,000,000 shares
directly from the Company, for services rendered to the Company.