Millennium Management LLC and related parties reported beneficial ownership of 752,500 ordinary shares (4.1%) of Proem Acquisition Corp I as of 02/12/2026. The filing states the reporting persons acquired beneficial ownership of more than 5% on 02/12/2026 and thereafter ceased to be beneficial owners of more than 5% by the date of this filing. The shares are shown with shared voting and shared dispositive power of 752,500 attributed across Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. A Joint Filing Agreement dated 02/19/2026 is attached.
Positive
None.
Negative
None.
Insights
Large institutional holder reports a 4.1% stake after a transient >5% ownership event on 02/12/2026.
The filing lists 752,500 ordinary shares with shared voting and dispositive power across Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. The group executed a Joint Filing Agreement dated 02/19/2026.
Ownership fell below the 5% reporting threshold by the filing date; subsequent trading or transfers will determine future disclosures. Further details on counterparties or transactions are not provided in the excerpt.
What stake did Millennium report in Proem Acquisition Corp I (PAACU)?
The filing reports beneficial ownership of 752,500 ordinary shares, equal to 4.1% of the class as of 02/12/2026. This stake is shown with shared voting and dispositive power among the reporting parties.
Did Millennium exceed 5% ownership of PAACU?
Yes. The filing states the reporting persons acquired beneficial ownership of more than 5% on 02/12/2026. The filing also states they ceased to be beneficial owners of more than 5% by the filing date.
Who are the reporting persons on this PAACU Schedule 13G?
The Schedule 13G names Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander, with addresses at 399 Park Avenue, New York, NY, and a Joint Filing Agreement dated 02/19/2026.
How is voting and disposition power reported for PAACU shares?
Each reporting person is shown with shared voting power and shared dispositive power of 752,500 shares. Sole voting and sole dispositive powers are reported as 0 in the cover excerpt.
Does this PAACU filing explain why ownership fell below 5%?
The excerpt does not describe transactions or counterparties; it states only that after acquiring over 5% on 02/12/2026, the reporting persons ceased to be >5% holders by the filing date. No sale or transfer details are provided.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Proem Acquisition Corp I
(Name of Issuer)
Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G7341A129
(CUSIP Number)
02/12/2026
(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)
SCHEDULE 13G
CUSIP No.
G7341A129
1
Names of Reporting Persons
Millennium Management LLC
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
0.00
6
Shared Voting Power
752,500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
752,500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
752,500.00
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)
4.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
G7341A129
1
Names of Reporting Persons
Millennium Group Management LLC
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
0.00
6
Shared Voting Power
752,500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
752,500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
752,500.00
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)
4.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
G7341A129
1
Names of Reporting Persons
Israel A. Englander
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
752,500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
752,500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
752,500.00
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)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
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, Texas 75220
Item 2.
(a)
Name of person filing:
Millennium Management LLC
Millennium Group Management LLC
Israel A. Englander
(b)
Address or principal business office or, if none, residence:
Millennium Management LLC
399 Park Avenue
New York, New York 10022
Millennium Group Management LLC
399 Park Avenue
New York, New York 10022
Israel A. Englander
c/o Millennium Management LLC
399 Park Avenue
New York, New York 10022
(c)
Citizenship:
Millennium Management LLC - Delaware
Millennium Group Management LLC - Delaware
Israel A. Englander - United States
(d)
Title of class of securities:
Ordinary Shares, par value $0.0001 per share
(e)
CUSIP No.:
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:
See response to Item 9 on each cover page.
After acquiring beneficial ownership of more than 5% of the outstanding Ordinary Shares on February 12, 2026, the reporting persons ceased to be beneficial owners of more than 5% of the outstanding Ordinary Shares by the date of this filing.
(b)
Percent of class:
See response to Item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to Item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to Item 8 on each cover page.
The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit I
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 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.
Millennium Management LLC
Signature:
/s/ Gil Raviv
Name/Title:
Gil Raviv, Global General Counsel
Date:
02/19/2026
Millennium Group Management LLC
Signature:
/s/ Gil Raviv
Name/Title:
Gil Raviv, Global General Counsel
Date:
02/19/2026
Israel A. Englander
Signature:
/s/ Israel A. Englander
Name/Title:
Israel A. Englander
Date:
02/19/2026
Exhibit Information
Exhibit I: Joint Filing Agreement, dated as of February 19, 2026, by and among Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.
