Proem Acquisition Corp I (PAACW) Warrant
Each PAACW warrant gives the holder the right to buy 1 share of Proem Acquisition Corp I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.02, below the strike, so the warrant is out of the money. Proem Acquisition Corp I has a market value of about $177.59M. Proem Acquisition Corp I is a SPAC (deal signed with Astro Digital US, Inc.). It must complete a deal by February 13, 2028 or the warrants expire worthless. There are 6.50M listed warrants; exercising all of them would add 36.7% to the 17.72M shares outstanding.
PAAC vs strike, last 12 months
No share-price history for PAAC yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.97
From the issuer's S-1/A (2026-01-29).
Company and stock
- Company
- Proem Acquisition Corp I
- Underlying stock
- PAAC
- Share price
- $10.02
- Market cap
- $177.59M
- Shares outstanding
- 17.72M
- Value of all listed warrants
- $3.03M (1.7% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-11). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.4669
- Price / model
Get Pro to see whether PAACW is cheap or rich against our model.
Dilution
- Shares outstanding
- 17.72M
- Listed warrants
- 6.50M
- Dilution if all exercised
- 36.7%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Astro Digital US, Inc.
- Deal announced
- 2026-09-26
- Deadline
- 2028-02-13
- Latest possible deadline
- —
- Trust per share
- $10.13
- Sponsor
- Proem SPAC Partners LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about PAACW
When does the PAACW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of PAACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many PAACW warrants are outstanding?
6.50M listed warrants, equal to 36.7% dilution if all are exercised.