PAAC on Nasdaq
Proem Acquisition Corp. I
Proem Acquisition Corp. I is a blank check company based in Dallas, Cayman Islands, listed on Nasdaq (PAAC).1
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Last updated Oct 20, 2026.
Overview
- TickerPAAC on Nasdaq1
- IndustryBlank Checks1
- HeadquartersDallas, Texas1
- Incorporated inCayman Islands2
- Business address4215 W. Lovers Lane, Suite 200, Dallas, Tx 752092
- Filer category, Emerging growth company2
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Units are currently trading on the Nasdaq Global Market (“Nasdaq”) under the symbol “PAACU”.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2025 | 2026 |
|---|---|---|
| Net income | -$55.5K4 |
Every line of the balance sheet as filed: the last 1 fiscal year (annual) or 1 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 |
|---|---|
| Prepaid expenses | $13.9K |
| Total current assets | $13.9K |
| Deferred offering costs | $120.4K |
| Total Assets | $134.3K |
| Accrued expenses | $14.9K |
| Accrued offering costs | $32.4K |
| Total current liabilities | $164.8K |
| Total Liabilities | $164.8K |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 5,373,333 shares issued and outstanding | $498 |
| Additional paid-in capital | $24.5K |
| Accumulated deficit | -$55.5K |
| Total Shareholders Deficit | -$30.5K |
| Total Liabilities and Shareholders Deficit | $134.3K |
| Preference shares, par value (in Dollars per share) | $0.00 |
| Preference shares, shares authorized | 1.0M shares |
| Ordinary shares, par value (in Dollars per share) | $0.00 |
| Ordinary shares, shares authorized | 200.0M shares |
| Ordinary shares, shares issued | 5.0M shares |
| Ordinary shares, shares outstanding | 5.0M shares |
| Number of ordinary shares subject to forfeiture | 650.0K shares |
| Period ending | 2025-12-31 |
|---|---|
| Prepaid expenses | $13.9K |
| Total current assets | $13.9K |
| Deferred offering costs | $120.4K |
| Total Assets | $134.3K |
| Accrued expenses | $14.9K |
| Accrued offering costs | $32.4K |
| Total current liabilities | $164.8K |
| Total Liabilities | $164.8K |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 5,373,333 shares issued and outstanding | $498 |
| Additional paid-in capital | $24.5K |
| Accumulated deficit | -$55.5K |
| Total Shareholders Deficit | -$30.5K |
| Total Liabilities and Shareholders Deficit | $134.3K |
| Preference shares, par value (in Dollars per share) | $0.00 |
| Preference shares, shares authorized | 1.0M shares |
| Ordinary shares, par value (in Dollars per share) | $0.00 |
| Ordinary shares, shares authorized | 200.0M shares |
| Ordinary shares, shares issued | 5.0M shares |
| Ordinary shares, shares outstanding | 5.0M shares |
| Number of ordinary shares subject to forfeiture | 650.0K shares |
Corporate structure
Proem Acquisition Corp. I sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Proem Acquisition Corp. I
- Polar Asset Management Partners Inc. Filed SCHEDULE 13G on Proem Acquisition Corp. I, latest May 15, 2026
- ARISTEIA CAPITAL, L.L.C. Filed SCHEDULE 13G on Proem Acquisition Corp. I, latest May 14, 2026
- Magnetar Financial LLC Filed SCHEDULE 13G on Proem Acquisition Corp. I, latest May 13, 2026
- Proem SPAC Partners I LLC Filed SCHEDULE 13D on Proem Acquisition Corp. I, latest Mar 4, 2026
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G on Proem Acquisition Corp. I, latest Feb 20, 2026
- Linden Capital L.P. Filed SCHEDULE 13G on Proem Acquisition Corp. I, latest Feb 18, 2026
- Proem Acquisition Corp. I Dallas, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Proem Acquisition Corp. I reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Properties, in its own words
We maintain our executive offices at 3860 W. Northwest Hwy, Suite 470, Dallas, TX 75220. The cost for this space is included in the $10,000 per month fee that we will pay to our sponsor or an affiliate thereof for office space, administrative and support services. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Mar 26, 2026.3
Leadership
Who has led Proem Acquisition Corp. I, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerImran Khan Feb 11, 2026 to now7
Board members and other officers (5)
- Board memberImran Khan Feb 11, 2026 to now7
- Board memberAmarnath Thombre Feb 17, 2026 to now8
- Board memberJohn Wu Feb 18, 2026 to now9
- Board memberAndrey Kazakov Feb 19, 2026 to now10
- Board memberDavid Eckstein Feb 24, 2026 to now11
Timeline
- Sep 28, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure12
- Apr 2, 20268-K Other events13
- Feb 20, 20268-K Entered a material agreement14
- Feb 17, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change15
- Feb 11, 2026New chief executive Imran Khan becomes CEO7
Filings
34 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 4 major events, 9 insider forms, 6 large holders, 12 other. The latest 20:
- Oct 7, 2026425 EDGAR
- Sep 30, 2026425 EDGAR
- Sep 29, 2026425 EDGAR
- Sep 28, 2026425 CURRENT REPORT EDGAR
- Sep 28, 20268-K CURRENT REPORT EDGAR
- Aug 11, 202610-Q QUARTERLY REPORT EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- May 14, 2026SCHEDULE 13G EDGAR
- May 13, 2026SCHEDULE 13G EDGAR
- Apr 2, 20268-K CURRENT REPORT EDGAR
- Mar 26, 202610-K ANNUAL REPORT EDGAR
- Mar 4, 20264 EDGAR
- Mar 4, 20264 EDGAR
- Mar 4, 20263 EDGAR
- Mar 4, 2026SCHEDULE 13D EDGAR
- Feb 24, 20263 EDGAR
- Feb 20, 20268-K CURRENT REPORT EDGAR
- Feb 20, 2026SCHEDULE 13G EDGAR
- Feb 19, 20263 EDGAR
The 34 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 13, 2026 | Proem SPAC Partners I LLC10% owner | Buy | 292,500 | Form 4 | ||
| Feb 13, 2026 | Khan ImranChief Executive Officer | Buy | 292,500 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Polar Asset Management Partners Inc.SCHEDULE 13G, 1 filing May 15, 202616
- ARISTEIA CAPITAL, L.L.C.SCHEDULE 13G, 1 filing May 14, 202617
- Magnetar Financial LLCSCHEDULE 13G, 1 filing May 13, 202618
- Proem SPAC Partners I LLCSCHEDULE 13D, 1 filing Mar 4, 202619
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G, 1 filing Feb 20, 202620
- Linden Capital L.P.SCHEDULE 13G, 1 filing Feb 18, 202621
SEC filer profile
How Proem Acquisition Corp. I is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARProem Acquisition Corp. I1
- CIK0002087446
- Employer ID (EIN)00-00000003
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address4215 W. Lovers Lane, Suite 200, Dallas, TX 752091
- Phone917-617-33271
- Shares outstanding17,723,333 as of Aug 11, 20265
- Public float$0 as of Jun 30, 20256
- AuditorWithumSmith+Brown, PC, New York, New York PCAOB ID 100; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceSep 24, 20251
- Filings34 in all: 3 (7), SCHEDULE 13G (5), 425 (4), 8-K (4), 10-Q (2), 4 (2), S-1/A (2), 10-K (1)1
All 15 form types
424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 26, 2026
Quarterly report (10-Q) Aug 11, 2026
Latest 8-K (8-K) Sep 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares | PAAC | The Nasdaq Global Market |
| Warrants | PAACW | The Nasdaq Global Market |
| Units | PAACU | The Nasdaq Global Market |
From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
Legal proceedings
We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARImran Khan, Chief executive officer
- 8SEC EDGARAmarnath Thombre, Board member
- 9SEC EDGARJohn Wu, Board member
- 10SEC EDGARAndrey Kazakov, Board member
- 11SEC EDGARDavid Eckstein, Board member
- 12
- 13SEC EDGAROther events
- 14SEC EDGAREntered a material agreement
- 15
- 16
- 17
- 18
- 19
- 20
- 21