Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our equity securities trade on Nasdaq. Each of our units consists of
one share of Class A ordinary shares and one-half of one redeemable warrant and, commencing on January 15, 2025, trades on Nasdaq under
the symbol “PLMKU.” The Class A ordinary shares and warrants underlying our units began trading separately on Nasdaq under
the symbols “PLMK” and “PLMKW,” respectively, on January 15, 2025.
Holders of Record
On March 31, 2025, there were 4 holders of record
of our units, 2 holders of record of our Class A ordinary shares, 4 holders of record of our Class B ordinary shares and 1 holder of record
of our warrants. Such numbers do not include beneficial owners holding our securities through nominee names.
Dividends
We have not paid any cash dividends on our ordinary shares to date
and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in
the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to
completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will
be within the discretion of our board of directors at such time. Further, if we incur any indebtedness in connection with our initial
business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Use of Proceeds from our Initial Public Offering
On January 16, 2025, we consummated our initial public offering of
17,250,000 units , which included the full exercise of the underwriters’ over-allotment option at an offering price of $10.00 per
unit, generating total gross proceeds of $172,500,000. The securities sold in our initial public offering were registered under the Securities
Act on registration statement on Form S-1 (File No. 333-281144). The registration statement became effective on January 14, 2025.
ITEM 6. RESERVED
42
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.