PROEM ACQUISITION I (PAACU) Stock Price, News & Analysis
Company Description
Proem Acquisition Corp I is a blank-check company formed to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company is organized as a Cayman Islands exempted company and is associated with Nasdaq-listed units under the symbol PAACU.
The issuer's public security structure reflects its SPAC format. Each unit consists of one ordinary share and one-half of one redeemable warrant. The company's ordinary shares trade under PAAC, and its warrants trade under PAACW. Each whole warrant is exercisable for one ordinary share, according to the company's offering-related disclosures.
As a SPAC, Proem Acquisition Corp I does not describe an operating product line, customer base, or revenue-generating commercial business in the manner of an operating company. Its corporate purpose is to identify and complete a business combination. The company's public disclosures therefore center on its offering registration, unit and warrant terms, material agreements, capital structure, governance, shareholder mechanics, and the risks associated with a blank-check issuer.
Proem Acquisition Corp I has identified Dallas, Texas as its principal executive office location in regulatory filings. The company is also classified as an emerging growth company under U.S. securities-law disclosure rules.
Stock Performance
PROEM ACQUISITION I (PAACU) stock last traded at $10.29. Over the past 12 months, the stock has gained 3.0%.
Latest News
PROEM ACQUISITION I has 1 recent news article. Of the recent coverage, 0 articles coincided with positive price movement and 1 with negative movement. Key topics include acquisition. View all PAACU news →
SEC Filings
PROEM ACQUISITION I has filed 5 recent SEC filings, including 3 Form SCHEDULE 13G, 1 Form 4, 1 Form 10-K. The most recent filing was submitted on May 15, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all PAACU SEC filings →
Financial Highlights
net income was -$55K. With a current ratio of 0.08, short-term liquidity bears monitoring.
Upcoming Events
Short Interest History
Short interest in PROEM ACQUISITION I (PAACU) currently stands at 6.3 thousand shares, up 35.9% from the previous reporting period. Over the past 12 months, short interest has decreased by 95.8%. With 15.4 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for PROEM ACQUISITION I (PAACU) currently stands at 15.4 days, down 8.3% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 1440% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 1.0 to 61.4 days.
PAACU Company Profile & Sector Positioning
PROEM ACQUISITION I (PAACU) operates in the Shell Companies industry within the broader Blank Checks sector and is listed on the NASDAQ.