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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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

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

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

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-17.

PALERMO
TECHNOLOGIES INC.

PART
I — FINANCIAL INFORMATION

Item 1.
Financial Statements

INDEX
TO FINANCIAL STATEMENTS	PAGE

Balance
Sheets at July 31, 2025

Statements
of Operations from July 02, 2025 to July 31, 2025

Statements
of Stockholders’ Deficit from July 02, 2025 to July 31, 2025

Statements
of Cash Flows from July 02, 2025 to July 31, 2025

Notes
to Financial Statements

Report of Independent Registered Public Accounting
Firm

To the shareholders and the board of directors of

Palermo Technologies Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of
Palermo Technologies Inc. (the "Company") as of July 31, 2025, the related statements
of operations, changes in shareholders' deficit and cash flows, for the period July 2, 2025 (Inception) through July 31, 2025,
and the related notes (collectively referred to as the "financial statements).

In our opinion, the financial statements present fairly,
in all material respects, the financial position of the Company as of July 31, 2025, and the results of its operations and its cash flows
for the period July 2, 2025 (inception) through July 31, 2025, in conformity with U.S. generally accepted accounting principles.

Going Concern

The accompanying financial statements have been prepared
assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company has continuously
incurred a net loss of $(859) for the period ended July 31, 2025. These factors raise substantial doubt about the Company ability to continue
as a going concern. These financial statements do not include any adjustments that might result from the outcome of the uncertainty.

Basis for Opinion

These financial statements
are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements
based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that our audits provide a reasonable basis for our opinion. The Company is not required to have,
nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain
an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of
the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Critical Audit Matters