Proem Acquisition Corp. I

Previous wording

For the three months ended March 31, 2026, we had a net income of $439,599, which consists of interest earned on investment held in trust account of $546,763 and change in fair value of overallotment liability of $121,300, partially offset by general and administrative expense of $228,464.

Current wording

For the six months ended June 30, 2026, we had a net income of $1,427,522, which consists of interest earned on investment held in trust account of $1,709,599 and change in fair value of overallotment liability of $121,300, partially offset by general and administrative expense of $403,377.

Previous wording

Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor. As of March 31, 2026, we had $744,218 in cash and working capital surplus of $962,523.

Current wording

Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor. As of June 30, 2026, we had $636,353 in cash and working capital surplus of $855,110.

Previous wording

For the three months ended March 31, 2026, cash used in operating activities was $743,991. Net income of $439,599 was affected by interest earned on investments held in the Trust Account of $546,763. Changes in operating assets and liabilities used $525,407 of cash for operating activities.

Current wording

For the six months ended June 30, 2026, cash used in operating activities was $851,856. Net income of $1,427,522 was affected by general and administrative costs paid through promissory note-related party of $9,880, offset by interest earned on investments held in the Trust Account of $1,709,599 and change in fair value of overallotment liability of $121,300. Changes in operating assets and liabilities used $458,359 of cash for operating activities.

Previous wording

As of March 31, 2026, we had investments held in the Trust Account of $130,546,763 (including $152,923 of interest income). We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Current wording

As of June 30, 2026, we had investments held in the Trust Account of $131,709,599 (including $1,709,599 of interest income). We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Previous wording

As of March 31, 2026, we had cash of $744,218. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.

Current wording

As of June 30, 2026, we had cash of $636,353. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.