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Proem Acquisition Corp. I

corporate_fare Company Profile

Proem Acquisition Corp. I

PAAC·NASDAQ·Real Estate & Construction·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.

Proem Acquisition Corp. I (NASDAQ:PAAC) is a publicly traded company in the Real Estate & Construction sector. Wiseek has independently scored 4 items for PAAC at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-28, rated 7/10. Across its 4 most recent items scored 7 or higher, the top rating is 9/10, with 3 rated 8 or above. Recent SEC coverage for PAAC spans 425, 8-K, 10-Q.

Recent high-impact activity:

  • Proem-Astro Digital Merger Call Reveals $587M Valuation, 47% Revenue Growth Target
  • PAAC Signs Definitive $525M Merger with Astro Digital, Backed by $50M PIPE
  • Astro Digital to Go Public via SPAC Merger with Proem Acquisition
  • SPAC Proem Acquisition Reports Q2 Results, Flags Going Concern Doubt

Financial Snapshot

Fiscal year ended December 31, 2025
Debt / Equity
0.00×
Shares Outstanding
4.98M sh
Source: 10-K · filed 2026-03-26 · accession 0001213900-26-034861

Short Interest & Short Volume

2.45 days to cover

FINRA reported short interest of 46,627 shares in PAAC as of the September 15, 2026 settlement, a 12639.6% increase from the prior period — about 2.5 days to cover at its recent average daily volume. On October 2, 2026, 8.6% of PAAC volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)46,627 shares as of September 15, 2026
Change vs prior period▲ 12639.6%
Days to cover2.45 at avg daily volume of 19,056
Daily short volume (FINRA facilities)8.6% of 36,569 shares on October 2, 2026
4-day average short volume2.9%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

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$10.02 -0.03% today
52-week range · as of 2026-09-28 $9.83 – $10.15
Market cap
$177.59M
Volume
130.8K (3.6× avg)
3-mo avg 36.5K
Live data · 2026-10-03 04:40 UTC · Market closed

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feed PAAC - Latest Insights

PAAC
Sep 28, 2026, 5:58 PM EDT
Filing Type: 425
Importance Score:
7
Price at Filing: $10.07
Real-time Price: $10.02 info
Change: -$0.050 (-0.50%) info
Market Cap: $177.588M info
PAAC
Sep 28, 2026, 9:24 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $10.07
Real-time Price: $10.02 info
Change: -$0.050 (-0.50%) info
Market Cap: $177.588M info
PAAC
Sep 28, 2026, 8:00 AM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $10.07
Real-time Price: $10.02 info
Change: -$0.050 (-0.50%) info
Market Cap: $177.588M info
PAAC
Aug 11, 2026, 4:15 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $9.97
Real-time Price: $10.02 info
Change: +$0.050 (+0.50%) info
Market Cap: $177.588M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets