# Proem Acquisition Corp. I

Proem Acquisition Corp. I is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** proemacquisitioncorp.com

## Regulatory record

- **Reports private funds:** No

## About

Proem Acquisition Corp. I was formed in 2021 as a special purpose acquisition company led by Chief Executive Officer Douglas Monticciolo and Chief Financial Officer Lawrence Litowitz. The vehicle priced a $250 million initial public offering on the New York Stock Exchange in November 2021, drawing on the sponsors' track records in technology and structured finance. The SPAC's stated mandate focused on acquiring a business in the enterprise software, financial technology, or technology-enabled services sectors, with a preference for companies based in North America or Europe. No definitive combination has been publicly announced. The trust was structured with standard SPAC provisions, including a deadline for completing a business combination and the right for shareholders to redeem their shares at the trust value. Team size and precise operational cadence remain opaque beyond the named management. The firm does not maintain a conventional corporate website detailing its pipeline, though regulatory filings confirm its listing under the ticker symbol PRAC on the New York Stock Exchange. Proem's structural differentiator lies in the episodic mandate of a SPAC: it is a publicly traded pool of capital with a single-purpose acquisition window and a defined liquidation clock, not an ongoing investment firm. This creates a binary outcome profile uncommon among family offices or permanent-capital vehicles.

## Sectors

- Enterprise Software
- Financial Services
- Technology

## People

- Douglas Monticciolo — Chief Executive Officer
- Lawrence Litowitz — Chief Financial Officer

## Questions

### Who runs investment decisions at Proem Acquisition Corp. I?

The investment decisions are led by Chief Executive Officer Douglas Monticciolo and Chief Financial Officer Lawrence Litowitz, as disclosed in the company's SEC filings. Both have backgrounds in technology investment and structured finance. The management team is supported by the board of directors, which must approve any definitive business combination.

### What does Proem Acquisition Corp. I primarily invest in?

The SPAC's mandate targets enterprise software, financial technology, and technology-enabled services companies, with a geographic preference for North America and Europe. As of the latest public disclosures, no acquisition target has been announced.

### Has Proem Acquisition Corp. I completed any acquisitions?

No. Publicly available information, including SEC filings and financial databases, does not confirm any completed business combination. The company has been publicly traded since November 2021 without disclosing a definitive merger agreement.

### What happens if Proem cannot find a target?

Like most SPACs, Proem's governing documents stipulate a deadline for completing a business combination — generally 18 to 24 months from the IPO, subject to extensions. If no deal is completed by the deadline, the trust is liquidated and funds are returned to public shareholders, less permitted expenses.

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Last updated: 2026-06-03T20:00:00.000Z

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