8-K
filed October 6, 2025, 7:59 PM ET
ticker PALX
CIK 0001938569
M&A
confidence high
sentiment positive
materiality 1.00
Palomino Laboratories Inc. (PALX): M&A transaction — Palomino Laboratories goes public via reverse merger with Unite Acquisition, raises $9.5M in PIPE
Palomino Laboratories Inc.
- Merger closed Sep 29, 2025; Palomino (pre-revenue microLED optical transceiver) becomes public; total shares outstanding 18.6M.
- PIPE raised $9.48M at $1.50/Unit (6.32M Units); SAFEs converted into 1.54M Units at $1.20 for $1.85M.
- New officers: CEO Jeff Shealy, CAO Jason Tu, Secretary Richard Ogawa; board: Shealy, Ogawa, Steven DenBaars.
- Three-year lock-up for Palomino stockholders; company intends to seek OTCQB or exchange listing.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Palomino Laboratories Inc.: Amended and restated bylaws in their entirety, effective upon closing of the merger.
- Change
- bylaw amendment
Exact text from the filing
Prior to the Merger, we amended and restated our bylaws in their entirety, to be effective upon closing of the Merger.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Palomino Laboratories Inc.: Ceased to be a shell company as a result of the merger.
- Change
- shell status
Exact text from the filing
Prior to the Merger, we were a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act). As a result of the Merger, the Company has ceased to be a shell company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Palomino Laboratories Inc.: Adopted a new Code of Ethics applicable to directors, officers, and employees in connection with the merger.
- Change
- code of ethics
Exact text from the filing
In connection with the Merger, the board of directors adopted a new Code of Ethics, which applies to all directors, officers (including our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) and employees.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Palomino Laboratories Inc.: Amended and restated certificate of incorporation approved by board and stockholders on September 28, 2025, effective upon merger closing (effective 2025-09-28).
- Change
- charter amendment
- Effective
- 2025-09-28
Exact text from the filing
Prior to the Merger, Unite Acquisition’s board of directors approved the amendment and restatement of our certificate of incorporation on September 28, 2025, and stockholders holding 100% of the then outstanding shares of our Common Stock approved the amendment and restatement to our certificate of incorporation on September 28, 2025.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Palomino Laboratories Inc. underwent a change of control involving Private Palomino (closed 2025-09-29).
- Action
- change of control
- Counterparty
- Private Palomino
- Closing
- 2025-09-29
Exact text from the filing
On September 29, 2025, Unite Acquisition’s wholly owned subsidiary, Palomino Acquisition Co., a Delaware corporation formed in the State of Delaware on August 19, 2025 (“ Merger Sub ”), merged with and into Palomino Laboratories Inc., a privately held Delaware corporation (prior to the Merger, “ Private Palomino ”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.