Proem Acquisition I, a blank check company led by Proem Asset Management executives targeting global tech, filed on Thursday with the SEC to raise up to $130 million in an initial public offering.
The company plans to raise $130 million by offering 13 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Proem Acquisition I is led by CEO and Chairman Imran Khan, the founder, CIO, and Partner at Proem Asset Management. He also founded e-commerce company Verishop and served as its CEO, and is the former CSO of Snap (NYSE: SNAP). He is joined by CFO Greg Pearson, the CFO, CCO, and Partner at Proem Asset Management. The SPAC plans to target global technology businesses with strong growth potential and innovative capabilities, that offers disruptive technology, and has a large addressable market, among other characteristics.
The Dallas, TX-based company was founded in 2025 and plans to list on the Nasdaq under the symbol PAACU. Clear Street is the sole bookrunner on the deal.
