Core Viewpoint - Praetorian Acquisition Corp. successfully closed its initial public offering (IPO) of 22,000,000 units, raising gross proceeds of $220,000,000 at a price of $10.00 per unit [1][2]. Group 1: IPO Details - The units began trading on January 23, 2026, on the Nasdaq Global Market under the ticker symbol "PTORU" [2]. - Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at an exercise price of $11.50 [2]. - The underwriters have a 45-day option to purchase up to 3,300,000 additional units at the IPO price to cover over-allotments [3]. Group 2: Company Overview - Praetorian Acquisition Corp. is a blank check company aimed at executing a business combination with one or more businesses, focusing on sectors that can benefit from automation and artificial intelligence [4]. - The management team includes Justin Di Rezze M.D. as CEO and Peter Ondishin as CFO, along with other board members [5]. Group 3: Legal and Regulatory Information - Clear Street LLC acted as the sole book-running manager for the offering, with Reed Smith LLP and Walkers (Cayman) LLP serving as legal counsel [6]. - The registration statement for the Company's securities was declared effective by the SEC on January 22, 2026 [8].
Praetorian Acquisition Corp. Announces Closing of $220 Million Initial Public Offering