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Perimeter Acquisition Corp. I [PMTRW]

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Perimeter Acquisition Corp. I operates as a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company, which completed its initial public offering in 2021, focuses on identifying target companies in the technology, media, and telecommunications sectors. PMTRW represents the warrant component of Perimeter Acquisition Corp. I's securities, with each warrant entitling holders to purchase one share of common stock at a specified exercise price. The SPAC raised approximately $150 million through its IPO, providing capital for its acquisition search. Perimeter Acquisition Corp. I is sponsored by an affiliate of Perimeter Capital Partners and features a management team with experience in technology investments and corporate development. The company targets businesses with enterprise values typically ranging from $400 million to $1 billion, seeking opportunities that demonstrate strong growth potential and competitive positioning. As a blank-check company, Perimeter Acquisition Corp. I has a limited operating period to complete an initial business combination, typically 18 to 24 months from its IPO date. The warrants trade separately from the company's common stock and units, providing investors with leveraged exposure to potential acquisition outcomes.