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Proem Acquisition Corp I Announces Closing of $130 Million Initial Public Offering
Dallas, Texas, United States, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Proem Acquisition Corp I (the “Company”) announced the closing of its initial public offering of 13,000,000 units at a price of $10.00 per unit on February 13, 2026. Total gross proceeds from the offering were $130,000,000 before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The units began trading on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “PAACU” on Februar
About this update from Proem Acquisition Corp I
[{"type":"text","content":"Dallas, Texas, United States, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Proem Acquisition Corp I (the “Company”) announced the closing of its initial public offering of 13,000,000 units at a price of $10.00 per unit on February 13, 2026. Total gross proceeds from the offering were $130,000,000 before deducting underwriting discounts and commissions and other offering expenses payable by the Company.","length":394,"tagName":"p"},{"type":"text","content":"The units began trading on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “PAACU” on February 12, 2026. Each unit consists of one ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on NASDAQ under the symbols “PAAC” and “PAACW,” respectively.","length":527,"tagName":"p"},{"type":"text","content":"The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry.","length":290,"tagName":"p"},{"type":"text","content":"Clear Street LLC acted as lead book-running manager. The Company has granted the underwriters a 45-day option to purchase up to 1,950,000 additional units at the initial public offering price to cover over-allotments, if any.","length":225,"tagName":"p"},{"type":"text","content":"A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 11, 2026. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Clear Street LLC, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at [email protected].","length":475,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in whic...