Perimeter Acquisition Corp. I [PMTRU]
Key Metrics
Market Snapshot
About
Perimeter Acquisition Corp. I (PMTRU) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in Miami, Florida. Perimeter Acquisition Corp. I focuses on identifying target businesses in the technology, media, and telecommunications sectors, particularly those with enterprise values between $500 million and $2 billion. As a blank check company, PMTRU raised capital through its initial public offering with the specific mandate to seek acquisition opportunities that can benefit from operational expertise and strategic guidance. The company's units consist of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable for one share of Class A common stock at a specified price. PMTRU's management team brings experience in operational management, mergers and acquisitions, and capital markets transactions. The company maintains a trust account holding the proceeds from its public offering until a qualifying business combination is completed or the funds are returned to shareholders. Like other SPACs, PMTRU operates under specific time constraints to identify and complete a business combination, typically within a defined period from its IPO date.