Proem Acquisition Corp. I
PAAC·NASDAQ·Industrials·CIK 0002087446
Proem Acquisition Corp I is a blank check company, incorporated in the Cayman Islands in July 2025. Its sole purpose is to complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has not yet chosen a target business for this initial combination and has not started any discussions with potential targets. It may pursue a business combination in any industry. On February 13, 2026, the company completed its initial public offering, selling 13,000,000 units at $10.00 per unit, raising gross proceeds of $130,000,000. Each unit consists of one ordinary share, with a par value of $0.0001 per share, and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one ordinary share for $11.50 per share, subject to adjustment. Concurrently, the company completed a private placement, selling 292,500 private units to Proem SPAC Partners I LLC (the "Sponsor") at $10.00 per private unit, generating total proceeds of $2,925,000. These private units are largely identical to those sold in the public offering, with some exceptions regarding registration rights and transfer restrictions. Holders of the private units have agreed not to transfer them or their underlying securities until the initial business combination is completed, except in limited circumstances.