Here are the 10-Q quarterly reports from Proem Acquisition Corp I (PAAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PAAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAAC filings page.
Proem Acquisition Corp I, a Cayman Islands-based special purpose acquisition company, reported its first post-IPO quarter for the period ended June 30, 2026. Total assets were $132.8 million, including $131.7 million of investments held in a Trust Account funded by the February 2026 IPO of 13,000,000 units for $130.0 million and a private placement of 292,500 units for $2.9 million.
For the three and six months ended June 30, 2026, the company recorded net income of $987,923 and $1,427,522, driven primarily by interest income on Trust investments of $1,162,836 and $1,709,599, partially offset by general and administrative expenses of $174,913 and $403,377. Ordinary shares subject to possible redemption totaled 13,000,000 at a redemption value of $10.13 per share.
Outside the Trust, Proem held $636,353 in cash and working capital of $855,110. Management discloses that its projected future liquidity position and the requirement to liquidate if no business combination is completed within the defined timeframe raise substantial doubt about the company’s ability to continue as a going concern. As of August 11, 2026, there were 17,723,333 ordinary shares issued and outstanding, including those underlying units.
Proem Acquisition Corp I filed its quarterly report for the three months ended March 31, 2026, its first quarter after completing its SPAC IPO. The company reported net income of $439,599, driven by $546,763 of interest on investments in its trust account, partially offset by $228,464 of general and administrative expenses.
Following the February 13, 2026 IPO of 13,000,000 units, Proem placed $130,000,000 into a Trust Account, which had a balance of $130,546,763 as of March 31, 2026, invested in U.S. Treasury-focused money market funds. Cash outside the trust was $744,218, with working capital of $962,523.
As a blank check company, Proem has not begun operating a business and is seeking a Business Combination within 24 months of the IPO closing. Management discloses that projected liquidity and the possibility of dissolution raise substantial doubt about the company’s ability to continue as a going concern if a transaction is not completed within this window.