8-K
filed February 17, 2026, 6:59 PM ET
ticker PAAC
CIK 0002087446
other material
confidence high
sentiment neutral
materiality 0.70
Proem Acquisition Corp I closes $130M IPO; trades on Nasdaq under PAACU
Proem Acquisition Corp. I
- 13,000,000 units sold at $10.00 each, gross proceeds $130M.
- Each unit: one ordinary share and one-half warrant (exercise price $11.50).
- Private placement: 292,500 private units to sponsor for $2.925M; 97,500 representative shares to Clear Street.
- Four independent directors appointed: John Wu, David Eckstein, Amarnath Thombre, Andrey Kazakov.
- Trust account funded with $130M; 24-month window for initial business combination.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Proem Acquisition Corp. I issued 292,500 private units of unit to the Sponsor for $10.00 per Private Unit, generating total proceeds of $2,925,000.
- Security
- unit
- Shares
- 292,500 private units
- Purchaser
- the Sponsor
- Consideration
- $10.00 per Private Unit, generating total proceeds of $2,925,000
Exact text from the filing
Simultaneously with the closing of the IPO, pursuant to the Private Placement Units Purchase Agreement, the Company consummated a private placement (the “Private Placement”) of an aggregate of 292,500 private units (the “Private Units”) to the Sponsor, at a price of $10.00 per Private Unit, generating total proceeds of $2,925,000.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Proem Acquisition Corp. I issued 97,500 Ordinary Shares of common stock to Clear Street.
- Security
- common stock
- Shares
- 97,500 Ordinary Shares
- Purchaser
- Clear Street
Exact text from the filing
The Company also issued in a private placement to Clear Street 97,500 Ordinary Shares upon the consummation of the Offering (the “Representative Shares”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Proem Acquisition Corp. I: Adopted Amended and Restated Memorandum and Articles of Association (effective 2026-02-11).
- Change
- charter amendment
- Effective
- 2026-02-11
Exact text from the filing
On February 11, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proem Acquisition Corp. I entered into Private Placement Units Purchase Agreement with Proem SPAC Partners I LLC (the "Sponsor") (effective 2026-02-11).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Proem SPAC Partners I LLC (the "Sponsor")
- Effective
- 2026-02-11
Exact text from the filing
● Private Placement Units Purchase Agreement, dated February 11, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference; ● Administrative Services Agreement,
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proem Acquisition Corp. I entered into Registration Rights Agreement with the Sponsor and certain security holders of the Company (effective 2026-02-11).
- Action
- entry
- Counterparty
- the Sponsor and certain security holders of the Company
- Effective
- 2026-02-11
Exact text from the filing
Registration Rights Agreement, dated February 11, 2026, by and among the Company, the Sponsor and certain security holders of the Company
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proem Acquisition Corp. I entered into Underwriting Agreement with Clear Street LLC (effective 2026-02-11).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Clear Street LLC
- Effective
- 2026-02-11
Exact text from the filing
Underwriting Agreement, dated February 11, 2026, by and between the Company and Clear Street LLC, as representative of the underwriters in the IPO (“Clear Street”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proem Acquisition Corp. I entered into Warrant Agreement with Continental Stock Transfer & Trust Company (effective 2026-02-11).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2026-02-11
Exact text from the filing
Warrant Agreement, dated February 11, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proem Acquisition Corp. I entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2026-02-11).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2026-02-11
Exact text from the filing
Investment Management Trust Agreement, dated February 11, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee
View on SEC.gov
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