Proem Acquisition Corp. I (PAAC) Form 10-Q — May 14, 2026
Proem Acquisition Corp I reported net income of $439,599 for the quarter ended March 31, 2026, driven primarily by $546,763 in interest earned on its trust account and a $121,300 gain from the change in fair value of the overallotment liability, which expired unexercised. The company holds $130.5 million in its trust account, derived from its February 2026 IPO of 13 million units at $10.00 per unit and a concurrent private placement. It maintains $744,218 in cash outside the trust for working capital purposes.
Key figures
- Eps
- 0.04
- Net Income
- 439599
- Total Debt
- 0
- Total Assets
- 131839762
- Cash Position
- 744218
- Working Capital
- 962523
- Gross Proceeds IPO
- 130000000
- Transaction Costs
- 6036515
- Shares Outstanding
- 17723333
- Interest Income Trust
- 546763
- Trust Account Balance
- 130546763
- Deferred Underwriting Fee
- 4550000
- Private Placement Proceeds
- 2925000
- General And Administrative Expenses
- 228464
Price after filing
Close on the filing date to close N calendar days later (from $9.91). Historical, not a forecast.
AI analysis
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