Proem Acquisition Corp I ownership filing: Aristeia Capital, L.L.C. reports beneficial ownership of 1,040,000 Units, representing 5.66% of the class. The filing states the percentage is calculated using 18,373,333 shares outstanding as of March 25, 2026.
The Units consist of one ordinary share and one-half of one redeemable warrant (CUSIP G7341A129). The filing shows Aristeia has sole voting and dispositive power over the 1,040,000 Units. The signature block names Andrew B. David as COO of Aristeia Capital, L.L.C.
Positive
None.
Negative
None.
Insights
Large passive stake disclosure by an institutional holder.
Aristeia Capital reports beneficial ownership of 1,040,000 Units, equal to 5.66% of the outstanding ordinary shares calculated from March 25, 2026. The filing is a standard Schedule 13G disclosure of beneficial ownership rather than an active transaction notice.
Materiality depends on relative float and strategic intent; this percentage exceeds common 5% reporting thresholds that can trigger monitoring. Subsequent filings may show whether the position is passive or becomes active.
Key Figures
Units beneficially owned:1,040,000 UnitsPercent of class:5.66%Shares outstanding:18,373,333 shares+2 more
5 metrics
Units beneficially owned1,040,000 UnitsReported beneficial ownership by Aristeia Capital
Percent of class5.66%Calculated using shares outstanding as of March 25, 2026
Shares outstanding18,373,333 sharesShares outstanding as of <date>March 25, 2026</date>, per issuer 10-K
CUSIPG7341A129Units class identifier
Signature date05/14/2026Schedule 13G signature date
"Units, each consisting of one ordinary share and one-half of one redeemable warrant"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
redeemable warrantfinancial
"one-half of one redeemable warrant"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
beneficially ownedregulatory
"The Reporting Person may be deemed the beneficial owner of 1,040,000 Units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
CUSIPtechnical
"CUSIP Number(s): G7341A129"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Proem Acquisition Corp I
(Name of Issuer)
Units, each consisting of one ordinary share and one-half of one redeemable warrant
(Title of Class of Securities)
G7341A129
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G7341A129
1
Names of Reporting Persons
Aristeia Capital, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,040,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,040,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,040,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.66 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Proem Acquisition Corp I
(b)
Address of issuer's principal executive offices:
3860 W. Northwest Hwy, Suite 470, Dallas, TX 75220
Item 2.
(a)
Name of person filing:
Aristeia Capital, L.L.C.
(b)
Address or principal business office or, if none, residence:
One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Units, each consisting of one ordinary share and one-half of one redeemable warrant
(e)
CUSIP Number(s):
G7341A129
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,040,000
The Reporting Person may be deemed the beneficial owner of 1,040,000 Units, which is approximately 5.66% of the outstanding shares. This percentage was determined by dividing 1,040,000 by 18,373,333, which is the number of shares outstanding as of March 25, 2026, as reported in the Issuer's 10-K filed with the SEC on March 26, 2026.
(b)
Percent of class:
5.66%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,040,000
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,040,000
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Aristeia Capital, L.L.C.
Signature:
/s/ Andrew B. David
Name/Title:
Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
What stake does Aristeia Capital report in Proem Acquisition (PAAC)?
Aristeia Capital reports beneficial ownership of 1,040,000 Units, equal to 5.66% of the class. This percentage uses 18,373,333 shares outstanding as of March 25, 2026 per the issuer's 10-K.
What are the economic components of the reported Units for PAAC?
Each Unit consists of one ordinary share and one-half of one redeemable warrant. The filing lists the class title and CUSIP G7341A129 but does not disclose separate counts for warrants versus shares.
Does Aristeia Capital have voting control over the reported PAAC Units?
Yes. The filing states Aristeia has sole power to vote and sole power to dispose of all 1,040,000 Units. No shared voting or dispositive power is reported in the excerpt.
What date is used to calculate the 5.66% ownership in PAAC?
The percentage is calculated by dividing 1,040,000 by 18,373,333 shares outstanding as of March 25, 2026, citing the issuer's Form 10-K filed March 26, 2026.
Who signed the Schedule 13G for Aristeia Capital regarding PAAC?
The filing is signed by /s/ Andrew B. David, identified as Chief Operating Officer of Aristeia Capital, L.L.C., with a signature date of May 14, 2026.
