Proem Acquisition Corp. I PAAC

Proem Acquisition Corp I is a blank check company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not selected any business combination target and has not initiated substantive discussions with any potential target. It intends to complete its initial business combination within 24 months of its initial public offering, using the proceeds held in trust. Until a combination is achieved, the company conducts only organizational and search activities. The company’s securities began trading on the Nasdaq Global Market under the ticker symbol PAACU after its initial public offering on February 13, 2,026. The offering consisted of 13,000,000 units sold at $10.00 per unit, generating $130,000,000 in gross proceeds.

Proem Acquisition Corp I does not generate operating revenues at present. Its sole source of income is interest earned on the cash and cash equivalents held in the trust account funded by the initial public offering and private placement proceeds. The trust received $130,000,000 of net proceeds from the offering and the simultaneous private placement of 292,500 units to the sponsor, which amount included $4,550,000 of deferred underwriting commissions. Additionally, the company issued 97,500 ordinary shares to the representative of the underwriters, Clear Street, under a private placement exempt from registration. These representative shares are subject to lock up restrictions and waive certain redemption and liquidation rights until the completion of a business combination. After a successful business combination, revenue will derive from the operations of the acquired business.

Proem Acquisition Corp I operates in the competitive special purpose acquisition company arena where numerous blank check entities pursue similar acquisition targets. Its competitive advantage arises from the sponsor’s deep expertise in technology investing and a concentrated focus on high growth sectors such as artificial intelligence, blockchain, software as a service, data infrastructure, and cybersecurity. The sponsor, Proem Asset Management, has operated as a concentrated long/short technology fund since its launch in 2,019, developing a differentiated research process and deep insights into global technology trends. This experience enables the company to identify attractive targets and to provide operational support after a business combination. Proem Acquisition Corp I positions itself as a partner that can offer not only capital but also strategic guidance to technology companies seeking access to public markets. The company competes with other special purpose acquisition companies, private equity firms, and strategic investors that have greater financial resources or more established industry networks. Nevertheless, its targeted approach and the sponsor’s track record aim to differentiate it in a crowded marketplace.

Proem Acquisition Corp I does not serve any customers as it has not yet commenced operations. The company is led by a chief executive officer and a chief financial officer and does not maintain any full time employees prior to a business combination. Its executive offices are located at 3,860 W. Northwest Hwy, Suite 470, Dallas, TX 75,220, and the cost for this space is covered by a fee paid to the sponsor or an affiliate. Proem Acquisition Corp I qualifies as an emerging growth company and a smaller reporting company under applicable SEC rules, which provides certain reporting exemptions. Following a successful business combination, the customer base will be that of the acquired target, which remains to be determined.