Perimeter Acquisition Corp. I filed its Form 10-Q for the quarter ended September 30, 2026 with the SEC on November 13, 2026, reporting net income of $1,457,489 for the three-month period and $4,883,282 for the nine months ended September 30, 2026.

Key Highlights

  • Trust Account balance: Cash and investments held in Trust Account totaled $254,307,451 as of September 30, 2026, up from $247,750,518 at December 31, 2025.
  • Redemption value: The 24,150,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.53 per share as of September 30, 2026.
  • Q3 net income: The company reported net income of $1,457,489 for the three months ended September 30, 2026, compared to $2,295,786 for the same period in 2025.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $4,883,282, driven primarily by $6,556,933 in interest earned on Trust Account holdings.
  • Shareholders' deficit: Total shareholders' deficit stood at $(10,082,107) as of September 30, 2026, with accumulated deficit of $(10,082,775).
  • Shares outstanding: As of November 13, 2026, there were 24,788,000 Class A ordinary shares and 6,037,500 Class B ordinary shares issued and outstanding.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Perimeter Acquisition Corp. I Reports Q3 2026 Financial Results as a SPAC

Perimeter Acquisition Corp. I (NASDAQ:PMTR), a blank check company incorporated in the Cayman Islands, filed its quarterly report covering the period ended September 30, 2026. According to the filing, the company's total assets were $254,656,526, the vast majority of which consisted of the $254,307,451 held in its Trust Account. Total liabilities were $10,431,182, including a deferred underwriting fee of $8,452,500 and a convertible note to a related party of $483,000 that remained unchanged from December 31, 2025.

The filing disclosed that formation and operating costs for the three months ended September 30, 2026 were $783,733, resulting in a loss from operations of $(783,733). This was offset by total other income of $2,241,222, which included $2,240,757 of interest earned on cash and investments held in the Trust Account and $465 of interest earned on the operating bank account. For the nine months ended September 30, 2026, formation and operating costs totaled $1,675,772, while interest earned on the Trust Account reached $6,556,933.

According to the filing, basic and diluted net income per share for both Class A and Class B ordinary shares was $0.05 for the three months ended September 30, 2026, and $0.16 for the nine months ended September 30, 2026. The company noted that on May 2 and May 12, 2025, it effected a share capitalization issuing an additional 1,725,000 Founder Shares to the Sponsor and independent director nominees for no additional consideration, resulting in 6,037,500 Founder Shares outstanding. Cash on hand as of September 30, 2026 was $259,758, down from $762,932 at December 31, 2025. Accounts payable and accrued expenses rose to $1,495,682 from $291,132 over the same period.

What Was Disclosed

Perimeter Acquisition Corp. I disclosed its unaudited financial statements for the quarter ended September 30, 2026, showing a Trust Account of $254,307,451, net income of $1,457,489 for the quarter, a total shareholders' deficit of $(10,082,107), and 24,788,000 Class A ordinary shares outstanding.