Proem SPAC Partner reports 4.98M founder shares
Proem SPAC Partners I LLC, an affiliate of Proem Acquisition Corp. I, reported its initial beneficial ownership of the company’s ordinary shares.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. Represents the founder shares issued to the Reporting Person in connection with the Company's initial public offering ("IPO") and includes 650,000 ordinary shares, par value $0.0001 (the "Ordinary Shares") that are subject to forfeiture to the extent the underwriters of the IPO exercise their over-allotment option.
FAQ
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What does Proem SPAC Partners I LLC report in this Form 3 for PAACU?
Is the Proem SPAC Partners I LLC Form 3 for PAACU a buy or sell transaction?
Who is the reporting person in the Proem Acquisition Corp. I (PAACU) Form 3?
What is the significance of the ten percent owner status in this PAACU filing?
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