Proem Acquisition Corp. I (PAACU) holder reports 4.98M founder shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Proem SPAC Partners I LLC, an affiliate of Proem Acquisition Corp. I, reported its initial beneficial ownership of the company’s ordinary shares. The filing shows direct ownership of 4,983,333 ordinary shares.
The position represents founder shares issued in connection with the company’s initial public offering and includes 650,000 ordinary shares that may be forfeited if the IPO underwriters exercise their over-allotment option. This Form 3 is a disclosure of existing holdings rather than a new market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Proem SPAC Partners I LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 4,983,333 shares (Direct)
Footnotes (1)
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FAQ
What does Proem SPAC Partners I LLC report in this Form 3 for PAACU?
Proem SPAC Partners I LLC reports initial beneficial ownership of 4,983,333 ordinary shares of Proem Acquisition Corp. I. These are founder shares issued in connection with the company’s IPO and reflect existing holdings rather than a new market purchase or sale.
Is the Proem SPAC Partners I LLC Form 3 for PAACU a buy or sell transaction?
The Form 3 does not report a buy or sell; it discloses existing founder shares owned by Proem SPAC Partners I LLC. The transaction code is categorized as a holding, indicating initial reporting of beneficial ownership, not an open-market trade.
Who is the reporting person in the Proem Acquisition Corp. I (PAACU) Form 3?
The reporting person is Proem SPAC Partners I LLC, identified as a ten percent owner of Proem Acquisition Corp. I. It reports direct ownership of the ordinary shares, with no director or officer role indicated in the ownership data provided.
What is the significance of the ten percent owner status in this PAACU filing?
Proem SPAC Partners I LLC is identified as a ten percent owner, which triggers Section 16 reporting obligations. This status requires public disclosure of its initial holdings on Form 3, and future changes in ownership will generally be reported on subsequent Forms 4 or 5.