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 25, 2026, 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. As of December 31, 2025, the amount held in the trust account was approximately $181,285,220.
ITEM 6. RESERVED
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