Proem Acquisition Corp I Ordinary Shares
PAACFinancial Services · Shell Companies
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $177.4M
- Price
- $10.01
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 4.9K
About
Proem Acquisition Corp. I is a blank check company formed 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 was founded on July 22, 2025 and is headquartered in Dallas, TX.
Quick stats
Shares outstanding17.7M
Computed float13.0M
Float / shares73.4%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002087446
WebsiteUnknown
AI Summary
AI-generated1/2
criticalbullishm and a
Astro Digital, Premier Builder of Satellites for Commercial, Civil and Defense Applications, to Become Public Through Merger with Proem Acquisition Corp I
Proem Acquisition Corp I (Nasdaq: PAAC) signed a definitive agreement to merge with satellite maker Astro Digital, valuing the target at approximately $587 million pro forma post-money enterprise value.
The deal is funded by up to ~$180 million in gross proceeds: up to $130 million of trust cash plus a $50 million PIPE co-led by Proem Asset Management and Leon Capital Group, with closing expected in Q1 2027 subject to a $30 million minimum cash condition and S-4 effectiveness.
Astro Digital claims 42% two-year revenue CAGR with positive adjusted EBITDA, nearly 40 satellites delivered for customers including NASA, DoD, Boeing and Sony, and a backlog that doubled last year.
Proem CEO Imran Khan, formerly Snap's Chief Strategy Officer, will join the combined company's board, which will list on Nasdaq as Astro Digital Holdings, Inc.
Red flags
- closing contingent on $30 million minimum cash condition -- trust redemptions could jeopardize the deal
- PIPE funding availability risk if investors fail to satisfy obligations
- financial figures are unaudited, preliminary, and projections (2026E-2029E) not assured
- risk of failure to meet Nasdaq initial listing standards post-closing