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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the shares and may have inadequate capital to support its ongoing business obligations. Our Sole Officer and Director beneficially owns a significant percentage of our outstanding voting securities which could reduce the ability of minority shareholders to effect certain corporate actions Our Sole Officer and Director beneficially owns a substantial majority of our voting securities. As a result, currently, and after the offering, the company will possess a significant influence and can elect a majority of our board of directors and authorize or prevent proposed significant corporate transactions. The Company’s ownership and control may also have the effect of delaying or preventing a future change in control, impeding a merger, consolidation, takeover or other business combination or discourage a potential acquirer from making a tender offer. Because our Sole Officer and Director owns a substantial majority of our Common Stock, it may not be possible to have adequate internal controls.

Section 404 of the Sarbanes-Oxley Act of 2002 ("Section
404") requires our management to report on the operating effectiveness of the Company's Internal Controls over financial reporting
for the year ending December 31 following the year in which this registration statement is declared effective. We must establish an ongoing
program to perform the system and process evaluation and testing necessary to comply with these requirements. However, because our Sole
Officer and Director owns a substantial majority of our voting securities and will continue to own the majority of our voting securities
after the offering, it may not be possible to have adequate internal controls.  We cannot predict what affect this will have on our
stock price.

Our shares are not currently traded on any market
or exchange.  We will apply to have our common stock traded over the counter; there is no guarantee that our shares will ever be
quoted on the OTC Pink Market listed or on an exchange, which could severely impact their liquidity.

Currently our shares are not traded on any market
or exchange.  We will apply to have our common stock quoted via the OTC Pink Market.  Therefore, our common stock is expected
to have fewer market makers, lower trading volumes and larger spreads between bid and asked prices than securities listed on an exchange
such as the New York Stock Exchange or the NASDAQ Stock Market.  These factors may result in higher price volatility and less market
liquidity for the common stock.  It is possible that the company’s shares may never be quoted on the OTC Pink Market listed
on an exchange.

A low market price would severely limit the
potential market for our common stock.

Our common stock is expected to trade at a price substantially
below $5.00 per share, subjecting trading in the stock to certain SEC rules requiring additional disclosures by broker-dealers.
These rules generally apply to any non-NASDAQ equity security that has a market price share of less than $5.00 per share, subject to certain
exceptions (a “penny stock”).  Such rules require the delivery, prior to any penny stock transaction, of a disclosure
schedule explaining the penny stock market and the risks associated therewith and impose various sales practice requirements on broker-dealers
who sell penny stocks to persons other than established customers and institutional or wealthy investors.  For these types of transactions,
the broker-dealer must make a special suitability determination for the purchaser and have received the purchaser’s written consent
to the transaction prior to the sale.  The broker-dealer also must disclose the commissions payable to the broker-dealer, current
bid and offer quotations for the penny stock and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this
fact and the broker-dealer’s presumed control over the market.  Such information must be provided to the customer orally or
in writing before or with the written confirmation of trade sent to the customer.  Monthly statements must be sent disclosing recent
price information for the penny stock held in the account and information on the limited market in penny stocks.  The additional
burdens imposed upon broker-dealers by such requirements could discourage broker-dealers from effecting transactions in our common stock.

FINRA sales practice requirements may also limit
a stockholders ability to buy and sell our stock.

In addition to the penny stock rules promulgated by
the SEC, which are discussed in the immediately preceding risk factor, FINRA rules require that in recommending an investment to a customer,
a broker -dealer must have reasonable grounds for believing that the investment is suitable for that customer.  Prior to recommending
speculative, low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information
about the customer’s financial status, tax status, investment objectives and other information.  Under interpretations of these
rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers.
FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit the
ability to buy and sell our stock and have an adverse effect on the market value for our shares.

An investor’s ability to trade our common
stock may be limited by trading volume.

A consistently active trading market for our common
stock may not occur on the OTC Pink Market. A limited trading volume may prevent our shareholders from selling shares at such times
or in such amounts as they may otherwise desire.  The company’s shares may never be quoted on the OTC Pink Market listed on
an exchange. If we are unable to develop a trading market for our common stock, our shares may be illiquid and may become worthless.

Our company has a concentration of stock ownership
and control, which may have the effect of delaying, preventing, or deterring a change of control.

Our common stock ownership is highly concentrated.
Through ownership of shares of our common stock, one shareholder, our officer beneficially owns 100% of our total outstanding shares of
common stock before this offering.  As a result of the concentrated ownership of the stock, these stockholders, acting in concert,
will be able to control all matters requiring stockholder approval, including the election of directors and approval of mergers and other
significant corporate transactions.  This concentration of ownership may have the effect of delaying, preventing or deterring a change
in control of our company.  It could also deprive our stockholders of an opportunity to receive a premium for their shares as part
of a sale of our company and it may affect the market price of our common stock.

We have not voluntarily implemented various
corporate governance measures, in the absence of which, shareholders may have more limited protections against interested director transactions,
conflicts of interest and similar matters.

Recent federal legislation, including the Sarbanes-Oxley
Act of 2002, has resulted in the adoption of various corporate governance measures designed to promote the integrity of the corporate
management and the securities markets.  Some of these measures have been adopted in response to legal requirements; others have been
adopted by companies in response to the requirements of national securities exchanges, such as the NYSE or the NASDAQ Stock Market, on
which their securities are listed.  Among the corporate governance measures that are required under the rules of national securities
exchanges and NASDAQ, are those that address the board of Directors independence, audit committee oversight, and the adoption of a code
of ethics.  We have not yet adopted any of these corporate governance measures, and since our securities are not listed on a national
securities exchange or NASDAQ, we are not required to do so.  It is possible that if we were to adopt some or all of these corporate
governance measures, shareholders would benefit from somewhat greater assurances that internal corporate decisions were being made by
disinterested directors and that policies had been implemented to define responsible conduct.  For example, in the absence of audit,
nominating and compensation committees comprised of at least a majority of independent directors, decisions concerning matters such as
compensation packages to our senior officers and recommendations for director nominees, may be made by a majority of directors who have
an interest in the outcome of the matters being decided.  Prospective investors should bear in mind our current lack of corporate
governance measures in formulating their investment decisions.

Because we will not pay dividends in the foreseeable
future, stockholders will only benefit from owning common stock if it appreciates.

We have never paid dividends on our common stock and
we do not intend to do so in the foreseeable future.  We intend to retain any future earnings to finance our growth.  Accordingly,
any potential investor who anticipates the need for current dividends from his investment should not purchase our common stock.

We are only subject to the reporting requirements
of Section 15(d) of the Exchange Act of 1934.