Proem Acquisition Corp I

PAAC

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Proem Acquisition Corp I (PAAC) M&A Call Prepared Remarks Transcript

Satellite maker Astro Digital said on Monday it had agreed to go public ​through a merger with blank-check company Proem ‌Acquisition Corp I, in a deal valuing the company at about $587 million.

Since 2018, Astro Digital has delivered nearly 40 satellites across 16 mission types for more than 30 customers, including NASA, the Department of Defense, Boeing, and Sony. Astro Digital grew revenue at a 42% two-year CAGR while generating positive adjusted EBITDA, a rare combination among public space peers.