Proem Acquisition Corp I (PAACU) Prices $130M IPO
Proem Acquisition Corp I (Nasdaq:PAACU) announced the pricing of its $130 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PAACU”, Thursday, February 12, 2026.
The new SPAC intends to focus on global technology businesses that have strong growth potential and innovative capabilities.
Proem Acquisition Corp I’s sponsor team is led by Chief Executive Officer and Director Imran Khan and Chief Financial Officer Greg Pearson. John Wu, David Eckstein, Amarnath Thombre, and Andrey Kazakov will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 37. This offering is expected to close on Friday, February 13, 2026.
Clear Street LLC is acting as lead book-running manager. Loeb & Loeb LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
