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AI brief of an SEC Form 8-K · PALOMA ACQUISITION CORP I (PALO)

Paloma Acquisition Corp I reports $164.5 million held in trust after IPO closing

Neutral Impact 3 of 5 financing Written later

Paloma Acquisition Corp I, a blank check company, closed its initial public offering of 15,000,000 units at $10.00 each on February 20, 2026, and underwriters later bought 1,450,000 more units, bringing the trust account to $164,500,000. The filing includes an audited February 20, 2026 balance sheet showing $1,574,138 in cash. The trust funds are held for a future business combination, and the company has not selected a target.

Key points

  • IPO of 15,000,000 units at $10.00 per unit closed February 20, 2026, generating $150,000,000 in gross proceeds
  • Jefferies LLC partially exercised the over-allotment option, with 1,450,000 units bought on February 25, 2026 for $14,500,000
  • Trust account totals $164,500,000 after the February 25 deposit, held with Efficiency as trustee

The filing

CompanyPALOMA ACQUISITION CORP I (PALO)
Form8-K, current report
Filed with the SECFeb 27, 2026, 5:33 PM ET
Accession number0001104659-26-021704

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.