SEC Filing Document

Company: Palermo Technologies Inc.
Ticker: 
CIK: 2101355
Filing Type: S-1
Document Type: S-1
Date Filed: 2026-01-20
Accession Number: 0002097570-26-000005
Exchange: 
SIC Code: 4899
SIC Description: Communications Services, NEC
URL: https://www.sec.gov/Archives/edgar/data/2101355/000209757026000005/pale-20260120_s1.htm

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net income (loss) to net cash used in operating activities: (Increase) in other advances (2,099 ) Increase in related party debt 16,373 Net cash used in operating activities $ (2,542 ) Cash Flows from Investing Activities: Net cash provided by Investing activities $ — Cash Flows from Financing Activities: Net cash provided by financing activities $ — Net increase (decrease) in cash, cash equivalents and restricted cash (2,542 ) Effects of currency translation on cash 10 Cash, cash equivalents and restricted cash at beginning of the period 10,000 Cash, cash equivalents and restricted cash at end of the period $ 7,468 Supplemental Cash Flow Information: Cash paid for interest $ — Cash paid for income taxes $ — The accompanying notes are an integral part of these unaudited financial statements. PALERMO TECHNOLOGIES INC. NOTES TO THE UNAUDITED FINANCIAL STATEMENTS OCTOBER 31, 2025 NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Palermo Technologies Inc. (“the Company”)
was incorporated on July 2, 2025, in the State of Wyoming. The Company is in the business of providing secure peer-to-peer communication
suite that uses embedded artificial intelligence to dynamically manage encryption, routing, and obfuscation.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared
in conformity with generally accepted accounting principles, which contemplate the continuation of the Company as a going concern. As
a development-stage Company, the Company had no revenues and incurred losses as of October 31, 2025. The Company currently has limited
working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over
an extended period of time.

Management anticipates that the Company will be dependent,
in the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will
be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the
Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

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 three months ended October 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 October 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 $7,468 and $10,000 cash as of October 31, 2025
and 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 October 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.

NOTE 4 – RELATED PARTY TRANSACTIONS

During the period from July 2, 2025 to July 31, 2025,
the Director of the Company contributed $10,329 towards operating expenses.

During the period from August 01, 2025 to October
31, 2025, the Director of the Company contributed $26,373 towards operating expenses and the company paid $10,000 to the Director.

As of October 31, 2025 and July 31,2025 the Company
owed $26,702 and $10,329 respectively to Roger McClay, founder and director of the Company, which is unsecured, non-interest bearing,
and due on demand.

NOTE 5 – STOCKHOLDERS’ EQUITY

Capital Stock

As of October 31, 2025 the Company’s authorized
stock consists of 50,000,000 shares of common stock at a par value of $0.001 per share.

Common Stock

On July 2, 2025, the Company issued a total of 5,000,000
common shares to its founder and Director, Roger McClay for services provided to the Company, valued at a price of $0.001 per share.

As of October 31, 2025, the Company has 5,000,000
shares of common stock issued and outstanding, respectively.

NOTE 6 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that
occurred after October 31, 2025, through December 29, 2025 and determined that it does not have any subsequent event requiring recording
or disclosure in the financial statements for the period from October 31, 2025 to December 29, 2025.

PALERMO
TECHNOLOGIES INC.

Shares of Common Stock

PROSPECTUS

Until
____________, 2026, all dealers that effect transactions in these securities, whether or not participating in this offering, may
be required to deliver a prospectus.  This is in addition to the dealers’ obligation to deliver a prospectus when acting
as underwriters and with respect to their unsold allotments or subscriptions.

PART
II - INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM
13.  OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The
expenses to be paid by the Registrant are as follows.  All amounts, other than the SEC registration fee, are estimates.

Amount to be Paid