Proem Acquisition Corp I closes $130 million IPO of 13 million units
Proem Acquisition Corp I, a blank check company, completed its initial public offering of 13,000,000 units at $10.00 per unit, generating gross proceeds of $130 million. The company's balance sheet as of February 13, 2026 shows the full $130 million held in a trust account for public shareholders. The company has not selected a business combination target, so shareholders' funds remain in trust until a deal is completed or the company liquidates.
Key points
- 13,000,000 units sold at $10.00 per unit, for gross proceeds of $130 million
- Private placement of 292,500 units to sponsor Proem SPAC Partners I LLC at $10.00 per unit, for $2.925 million
- $130 million deposited in the trust account as of February 13, 2026
- Company has until 24 months from the IPO closing to complete an initial business combination and has not selected a target
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.