Paloma Acquisition Corp I is a SPAC (blank check company) with no operating business. Paloma raised $150M in its IPO by selling units at $10.00 each, with proceeds held in a trust account invested in U.S. Treasuries. Paloma has 24 months to complete an acquisition; if it fails, the trust is liquidated and public shareholders get their money back at approximately $10.00 per share. Paloma is focused on acquiring a gold or silver mining or development company in North America, targeting businesses with a total enterprise value of $500M–$1.5B. The company has not identified a specific target. Paloma's sponsor, Paloma Capital Group, received founder shares representing 20% of post-IPO shares outstanding for a nominal cost — the standard SPAC "promote" structure — which creates pressure to complete a deal, a conflict Paloma discloses explicitly. Paloma's management team has deep mining sector roots, including a non-executive chairman with board experience at major gold miners such as Evolution Mining, Endeavour Mining, and Yamana Gold. Paloma's target criteria emphasize assets in stable jurisdictions with well-defined geological resources, low production costs, and a clear path to cash generation.