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News 2026-09-28 12:08 UTC

Proem, Astro Digital Transaction Will Be Funded by Up to About $180 M in Proceeds, Comprising Up to $130 M of Cash Held in Proem's Trust Account and About $50 M From PIPE Investments

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News 2026-09-28 12:01 UTC

Astro Digital to go public in $587 million merger with Proem Acquisition

The space-satellite maker and the SPAC said the deal values Astro Digital at about $587 million and includes up to $180 million in gross proceeds. The transaction is expected to close in the first quarter of 2027, subject to approvals and other conditions.

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Proem, Astro Digital Transaction Will Be Funded by Up to About $180 M in Proceeds, Comprising Up to $130 M of Cash Held in Proem's Trust Account and About $50 M From PIPE Investments

Astro Digital to go public in $587 million merger with Proem Acquisition