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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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.

In support of our efforts and cash requirements,
we may rely on advances from related parties until such time that we can support our operations or we attain adequate financing through
sales of our equity or traditional debt financing.  From inception to January 31, 2026 our President has loaned the Company a total

There have been no other related party transactions,
or any other transactions or relationships required to be disclosed pursuant to Item 404 of Regulation S-K.

DESCRIPTION OF SECURITIES

COMMON STOCK

There are 50,000,000 shares of Common Stock, $0.0001
par value, authorized, with 5,000,000 shares issued and outstanding.

The holders of Common Stock are entitled to one vote
for each share held on all matters submitted to a vote of shareholders.  Holders of Common Stock are entitled to receive ratably
such dividends, if any, as may be declared by the Board of Directors out of funds legally available therefore, subject to any preferential
dividend rights of outstanding Preferred Stock, which may be authorized and issued in the future.  Upon a liquidation, dissolution
or winding up of the Company, the holders of Common Stock are entitled to receive ratably the net assets available after the payment of
all debts and other liabilities, and subject further only to the prior rights of any outstanding Preferred Stock which may be authorized
and issued in the future.  The holders of Common Stock have no pre-emptive, subscription, redemption or conversion rights.
The outstanding shares of Common Stock are, and the shares offered herein will be, when issued and paid for, fully paid and non-assessable.
Cumulative voting in the election of directors is not permitted and the holders of a majority of the number of outstanding shares will
be in a position to control the election of directors at a general shareholder meeting and may elect all of the directors standing for
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