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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the absence of such financing, our business will fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue our plan of operation for the next 12 months and our business will fail. Controls and Procedures We are not currently required to maintain an effective system of internal controls. We will be not be required to comply with the internal control requirements of the Sarbanes-Oxley Act until we either are required to file an annual report pursuant to section 13(a) or 15(d) of the Exchange Act (15 B.SC. 78m or 78o (d)) for the prior fiscal year or if we had filed an annual report with the Commission for the prior fiscal year.

When and if we do become subject to the internal control
requirements of the Sarbanes-Oxley Act we may incur significant expense in meeting our public reporting responsibilities because it will
take time, management involvement and perhaps outside resources to determine what internal control improvements are necessary for us to
meet regulatory requirements and market expectations for our operations.  Becoming compliant may take longer than we expect, which
may increase our exposure to financial fraud or erroneous financing reporting.

Off-Balance Sheet Arrangements; Commitments and
Contractual Obligations

We have not entered into any off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues
or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Critical accounting estimates –
The discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements,
which have been prepared in accordance with accounting principles generally accepted in the United States.  The preparation of these
consolidated financial statements requires us to make estimates and judgments that affect the amounts of assets, liabilities, revenues
and expenses, and related disclosure of contingent assets and liabilities.  On an on-going basis, we evaluate our estimates based
on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates under different assumptions or conditions.  The following represents a summary of
our critical accounting policies, defined as those policies that we believe are the most important to the portrayal of our financial condition
and results of operations and that require management’s most difficult, subjective or complex judgments, often as a result of the
need to make estimates about the effects of matters that are inherently uncertain.

Basis of presentation

The accompanying financial statements have been prepared
in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations
of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments,
which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company
for the year ended July 31, 2025.

The accompanying condensed financial statements have been
prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments)
necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2025, and for the related periods
presented.

Cash and Cash Equivalents

The Company considers all highly liquid investments
with original maturities of three months or less to be cash equivalents. The Company had $10,000 cash as of July 31, 2025.

Income Taxes

The Company recognizes the tax effects of transactions
in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes.

Revenue Recognition

We recognize revenue in accordance with Accounting
Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). The standard’s stated
core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount
that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core
principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the
performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations,
and recognizing revenue when, or as, an entity satisfies a performance obligation.

Use 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