Proem SPAC sponsor buys PAAC private units, warrants

Proem SPAC Partners I LLC, the sponsor of Proem Acquisition Corp. I, reported ownership of 292,500 private units, each consisting of one ordinary share and one-half of one redeemable warrant.

Rhea-AI Filing Summary

Proem SPAC Partners I LLC, the sponsor of Proem Acquisition Corp. I, reported ownership of 292,500 private units, each consisting of one ordinary share and one-half of one redeemable warrant. These private units were purchased for $2,925,000, or $10.00 per unit, under a Private Placement Units Purchase Agreement dated February 11, 2026.

The filing shows 292,500 ordinary shares and 146,250 related warrants, with 4,625,833 ordinary shares held after the reported transactions. Each whole warrant allows the holder to buy one ordinary share at $11.50 per share, becoming exercisable after the initial business combination or on February 11, 2027, and expiring five years after that business combination.

Insider Trade Summary

Net Buyer: 438,750 shares

Net Buy 2 txns

Insider Proem SPAC Partners I LLC

Role 10% Owner

Bought 438,750 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	Warrants to purchase Ordinary Shares	146,250	$0.00	$0.00
Purchase	Ordinary Shares	292,500	$0.00	$0.00

Holdings After Transaction: Warrants to purchase Ordinary Shares — 146,573 contracts (Direct); Ordinary Shares — 4,625,833 shares (Direct)

Footnotes (3)

1. F1. Proem SPAC Partners I LLC, the Issuer's sponsor (the "Sponsor"), purchased 4,983,333 ordinary shares for $25,000. Among which, 650,000 ordinary shares are subject to forfeited depending on the extent to which the underwriters' over-allotment option is exercised.
2. F2. Reflects the 292,500 private units owned by the Sponsor. Each private unit consists of one ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Placement Units Purchase Agreement, dated February 11, 2026, by and between the Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,925,000.
3. F3. The warrants included in the private units will become exercisable on the later of (i) the completion of the Issuer's initial business combination, or (ii) February 11, 2027 (12 months after the Issuer's registration statement has been declared effective by the Securities and Exchange Commission), and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Proem SPAC Partners I LLC report for PAACU?

Proem SPAC Partners I LLC reported buying 292,500 private units of Proem Acquisition Corp. I. Each unit includes one ordinary share and half a warrant, for a total purchase price of $2,925,000 under a February 11, 2026 private placement agreement.

How many Proem Acquisition Corp. I shares and warrants are held after this Form 4?

After the reported transactions, the sponsor holds 4,625,833 ordinary shares and 146,573 warrants of Proem Acquisition Corp. I. The Form 4 details 292,500 ordinary shares and 146,250 private placement warrants associated with 292,500 private units.

What are the key terms of the PAACU private placement units bought by the sponsor?

Each private unit consists of one ordinary share and one-half redeemable warrant. Every whole warrant allows purchase of one ordinary share at $11.50 per share. The units were acquired at $10.00 per unit, totaling $2,925,000, under a February 11, 2026 agreement.

When do the Proem Acquisition Corp. I private placement warrants become exercisable?

The private placement warrants become exercisable on the later of completion of Proem Acquisition Corp. I’s initial business combination or February 11, 2027. They expire five years after that business combination or earlier if the company redeems the warrants or liquidates.

What initial share purchase did the Proem SPAC sponsor make in Proem Acquisition Corp. I?

The sponsor purchased 4,983,333 ordinary shares of Proem Acquisition Corp. I for $25,000. Of these, 650,000 ordinary shares may be forfeited depending on how much of the underwriters’ over-allotment option is ultimately exercised.

Is Proem SPAC Partners I LLC a significant owner of PAACU?

Yes. Proem SPAC Partners I LLC is identified as a 10% owner of Proem Acquisition Corp. I. The Form 4 shows multi-million-dollar private unit purchases and millions of ordinary shares held, underscoring its role as the SPAC’s sponsor and major shareholder.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/04/2026 - 06:44 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Proem SPAC Partners I LLC

(Last) (First) (Middle)

C/O PROEM ACQUISITION CORP I

3860 W. NORTHWEST HWY, SUITE 470

(Street)

DALLAS TX 75220

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Proem Acquisition Corp. I [ PAAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	02/13/2026		P		292,500	A	(2)	4,625,833(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants to purchase Ordinary Shares	$11.5	02/13/2026		P		146,250		(3)	(3)	Ordinary Shares	146,250	(2)	146,573	D

Explanation of Responses:

1. Proem SPAC Partners I LLC, the Issuer's sponsor (the "Sponsor"), purchased 4,983,333 ordinary shares for $25,000. Among which, 650,000 ordinary shares are subject to forfeited depending on the extent to which the underwriters' over-allotment option is exercised.

2. Reflects the 292,500 private units owned by the Sponsor. Each private unit consists of one ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Placement Units Purchase Agreement, dated February 11, 2026, by and between the Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,925,000.

3. The warrants included in the private units will become exercisable on the later of (i) the completion of the Issuer's initial business combination, or (ii) February 11, 2027 (12 months after the Issuer's registration statement has been declared effective by the Securities and Exchange Commission), and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

	Proem SPAC Partners I LLC By: /s/ Imran Khan Name: Imran Khan Title: Managing Member	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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