Deal announced · 26 Sept 2026PAACU · NasdaqCIK 2087446Sponsor at IPO: Proem SPAC Partners I LLC
Proem Acquisition Corp. I
$130MTrust raised at IPO
- IPO12 Feb 2026
- Searching24 months
- Deal announced26 Sept 2026
- Closed—
- 01
Smaller than 70% of 2026’s SPAC IPOs.
$130M raised, against a median of $200M for the 155 SPACs that priced in 2026 so far.
Worked out from checked figures in snapshot 14 · no forecasts or advice
Key terms
Other 2026 SPAC IPOs →- IPO priced
- 12 Feb 2026
- IPO closed
- 13 Feb 2026
- Raised
- $130M1
- Units sold
- 13,000,0002
- Trust raised
- $130M3
- Trust per unit
- $10.004
- Unit
- 1 sh + ½ warrant5
- Months to complete
- 246
- Deadline before extensions
- 13 Feb 2028
- Over-allotment
- Not exercised
Each unit: “one ordinary share and one-half of one redeemable warrant”
How it compares
Proem Acquisition Corp. I against the 155 SPACs that priced in 2026.
- Raised
- $130M
- 68% of 2026 SPACs are above it
- 2026 median: $200M
- Trust per unit
- $10.00
- 78% of 2026 SPACs match it
- 2026 median: $10.00
- Months to complete
- 24
- 54% of 2026 SPACs match it
- 2026 median: 24
Trust and redemptions
No extension or merger vote with paid redemptions is on record for this SPAC yet.
Firms named in the prospectus
Bookrunners
Company counsel
Underwriters’ counsel
Auditor
Sponsor
No other SPAC from Proem SPAC Partners I LLC or a vehicle of the same name priced since 1 January 2019.
Peers
Other 2026 SPAC IPOs with Clear Street LLC as bookrunner.
| SPAC | IPO | Raised | Unit | Status |
|---|---|---|---|---|
| Leader's Advantage Acquisition Corp. | 17 Sept 2026 | $150M | 1 sh + ½ warrant | Searching |
| ARC Group Securities Acquisition I | 3 Aug 2026 | $105M | 1 sh + 1 warrant + 1 right (1/4) | Searching |
| Columbus Circle Capital Corp III | 8 Jul 2026 | $230M | 1 sh + ⅓ warrant | Searching |
| Mercator Acquisition Corp. | 8 Jul 2026 | $173M | 1 sh + ½ warrant | Searching |
| Freedom Metals Acquisition Corp. | 7 Jul 2026 | $275M | 1 sh + ⅓ warrant | Searching |
Sources
- PFinal prospectus: 0001213900-26-015712
- 1Gross proceeds: 0001213900-26-016812
The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds to the Company of $130,000,000.
- 2Units sold: 0001213900-26-016812
On February 13, 2026, the Company consummated its IPO, which consisted of 13,000,000 units
- 3Trust raised: 0001213900-26-016812
As of February 13, 2026, a total of $130,000,000 of the net proceeds from the IPO and the Private Placement
- 4Trust per unit: 0001213900-26-015712
$130 million, or $149.5 million if the underwriters’ overallotment option is exercised in full ($10.00 per unit in either case), will be placed into a U.S.-based trust account
- 5Unit composition: 0001213900-26-015712
Each unit has an offering price of $10.00 and consists of one ordinary share and one-half of one redeemable warrant.
- 6Months to complete: 0001213900-26-015712
We have until the date that is 24 months from the closing of this offering or until such earlier liquidation date as our board of directors may approve, to consummate our initial business combination.
Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.
How the figures are compiled
- Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
- Dated by. The date of the final prospectus.
- Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
- Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
- Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
- Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
- Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
- Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
- Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
- Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
- Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
- Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
- Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
- Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
- Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
- Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.
Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026
For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.
