Proem Acquisition Corp. I (PAACU)
Proem Acquisition Corp. I (PAACU)
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash | 744,218 | - | ||
| Prepaid expenses | 61,765 | 13,888 | ||
| Short term prepaid insurance | 270,000 | - | ||
| Total current assets | 1,075,983 | 13,888 | ||
| Long term prepaid insurance | 217,016 | - | ||
| Deferred offering costs | - | 120,414 | ||
| Investments held in trust account | 130,546,763 | - | ||
| Total assets | 131,839,762 | 134,302 | ||
| Accrued expenses | - | 14,880 | ||
| Accounts payable and accrued expenses | 38,460 | - | ||
| Accrued offering costs | 75,000 | 32,373 | ||
| Promissory note - related party | - | 117,531 | ||
| Total current liabilities | 113,460 | 164,784 | ||
| Deferred underwriting fee payable | 4,550,000 | - | ||
| Total liabilities | 4,663,460 | 164,784 | ||
| Ordinary shares subject to possible redemption, 0.0001 par value 13,000,000 and no shares at redemption value of 10.04 and 0 per share at march 31, 2026 and december 31, 2025, respectively | 130,546,763 | - | ||
| Ordinary shares, 0.0001 par value 200,000,000 shares authorized 4,723,333 and 4,983,333 shares issued and outstanding (excluding 13,000,000 and no shares subject to possible redemption) at march 31, 2026 and december 31, 2025, respectively | 472 | 498 | ||
| Additional paid-in capital | - | 24,502 | ||
| Accumulated deficit | -3,370,933 | -55,482 | ||
| Total shareholders deficit | -3,370,461 | -30,482 | ||
| Total liabilities, ordinary shares subject to possible redemption and shareholders deficit | 131,839,762 | 134,302 | ||