Proem Acquisition Corp I to merge with satellite maker Astro Digital in deal valuing company at USD 587 million

• Astro Digital agreed to merge with Proem Acquisition Corp I, taking the satellite maker public on Nasdaq as Astro Digital Holdings.
• Deal values Astro Digital at about USD 587 million on a pro forma post-money enterprise value basis.
• Up to about USD 180 million of gross proceeds includes up to USD 130 million from Proem’s trust and about USD 50 million PIPE.
• Proem Asset Management and affiliates committed USD 25 million of the PIPE, co-led with Leon Capital Group.
• Closing is expected in the first quarter of 2027, subject to customary conditions including a USD 30 million minimum cash condition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Proem Acquisition Corp. I published the original content used to generate this news brief via Business Wire (Ref. ID: 202609280800BIZWIRE_USPR_____20260928_BW542005) on September 28, 2026, and is solely responsible for the information contained therein.