Proem Acquisition Corp I Units
PAACU
NASDAQ Global Market10.09
USD
-0.19
- -
CIK
0002087446
ISIN
KYG7341A1296
CUSIP
G7341A129
Return %
Stock
S&P500
1Y
1.00
19.01
3Y
1.00
65.48
5Y
1.00
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Imran T. Khan
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4215 W Lovers Lane Dallas TX United States of America 75209
- IPO Date
- May 30, 2019
- CIK
- 0002087446
- Website
- saban.com
- Similar Companies
- Business
- Proem Acquisition Corp I Units is a blank-check company formed to pursue mergers, share exchanges, asset acquisitions, recapitalizations or other business combinations with one or more target entities. The company focuses on high-growth, disruptive technology-driven enterprises, with an initial emphasis on sectors including artificial intelligence, blockchain, software-as-a-service, data infrastructure, and cybersecurity; it aims to leverage strategic relationships and industry expertise to facilitate accelerated growth for target businesses. Headquartered in the United States, the company is structured to identify and consummate a qualifying business combination, with operations and potential targets in global markets as opportunities arise. Founding year and headquarters: 2024 (formation year) with headquarters in the United States. Latest major changes: Proem Acquisition Corp I completes an initial public offering of units, raising $130 million, with units priced at $10 each and trading on Nasdaq under the ticker PAACU; after separation, the ordinary shares and warrants trade as PAAC and PAACW, respectively, signaling the start of its SPAC life and readiness to pursue a business combination; the company has not yet identified a specific target but maintains a mandate to pursue a transaction across a broad range of industries, including AI, blockchain, SaaS, data infrastructure, and cybersecurity, subject to market conditions and regulatory approvals. The closing of the IPO and subsequent listing reflect a strategic shift toward public market readiness and a formalized pipeline for target identification and deal execution. Industry and business segments: Special purpose acquisition company operating in the financial services and technology sectors, with a development track toward technology-enabled value creation; potential operating segments align with target industries in AI, blockchain, SaaS, data infrastructure, and cybersecurity, depending on the pursuit of a business combination. Target markets and customer types: Public market investors and potential target companies across global technology and digital infrastructure sectors; strategic investors and counterparties in M&A, capital markets, and technology partnerships. Subsidiaries and parent relationships: Proem Acquisition Corp I operates as a stand-alone SPAC with plans to combine with one or more enterprises; no established operating subsidiaries announced at this stage, pending identification of a target.