Business
Proem Acquisition Corp I Announces Pricing of $130,000,000 Initial Public Offering
Dallas, Texas, United States, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Proem Acquisition Corp I (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 13,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant, subject to certain adjustments. The units are expected to trade on the Nasdaq Global Ma
About this update from Proem Acquisition Corp I
[{"type":"text","content":"Dallas, Texas, United States, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Proem Acquisition Corp I (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 13,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant, subject to certain adjustments. The units are expected to trade on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “PAACU” beginning February 12, 2026. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 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. The offering is expected to close on February 13, 2026, subject to customary closing conditions.","length":967,"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. We may pursue an initial business combination in any business or industry.","length":281,"tagName":"p"},{"type":"text","content":"Clear Street LLC is acting 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":229,"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 “Effective Date”). 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":498,"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 ...