other material
confidence high
sentiment neutral
materiality 0.60
Praetorian Acquisition Corp. closes full over-allotment, adds $33M to trust
Praetorian Acquisition Corp.
- Underwriters exercised over-allotment option for 3,300,000 units at $10 each, grossing $33,000,000.
- Sponsor concurrently purchased additional 330,000 private placement warrants at $1 each, grossing $330,000.
- Total trust account now holds $253,000,000 from IPO and private placements; aggregate units sold 25,300,000.
- Issued additional 24,750 representative shares to underwriters on same terms as initial offering.