Praetorian Acquisition Corp. closes $220M IPO of 22M units at $10

Praetorian Acquisition Corp.

IPO of 22,000,000 units at $10 each, gross $220M; each unit consists of one Class A share and one-third warrant.
Private placement of 4,670,000 warrants to sponsor at $1 each raises additional $4.67M.
$220M placed in trust with Odyssey Transfer; held for future business combination within 24-27 months.
Underwriters have 45-day over-allotment option for up to 3.3M additional units.
Offering costs total $9.2M; accumulated deficit $4.2M as of January 26, 2026.

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