Proem Acquisition Corp. I

Proem Acquisition Corp. I (PAAC) is a blank-check company (SPAC) that raised $130M in its initial public offering on Feb 13, 2026, listing on Nasdaq. It agreed to combine with Astro Digital US, Inc., announced on Sep 28, 2026, at a stated value of $525M. The deal has not closed yet. Loeb & Loeb advised the SPAC and DLA Piper advised the underwriters on the IPO.

Astro Digital US designs, manufactures, launches and operates mission-configurable satellites for commercial, civil and defense customers, working with constellation operators from the first spacecraft to constellation-scale production. It is headquartered in Denver, Colorado, with operations in California and Australia.

Status

Deal announced

Ticker

PAAC

IPO date

Feb 13, 2026

IPO size

$130M

IPO exchange

Nasdaq

Target

Astro Digital US, Inc.

Target sector

Aerospace/Defense

Announced

Sep 28, 2026

Stated deal value

$525M

Combined company

Proem Acquisition Corp. I (Parent, domesticated)

SPAC counsel (IPO)

Loeb & Loeb and Maples and Calder

Underwriters' counsel (IPO)

DLA Piper