Quarterly ResultMay 8, 2026, 04:13 PM
Praetorian Acquisition Q1 Net Income $1.07M; Total Assets $256.75M
AI Summary
Praetorian Acquisition Corp. reported a net income of $1,071,660 for the three months ended March 31, 2026, following its Initial Public Offering (IPO) in January 2026. The company's total assets surged to $256.75 million, primarily due to $254.45 million in marketable securities held in its Trust Account. The SPAC successfully completed its IPO and the full exercise of its over-allotment option, raising substantial funds for its intended business combination.
Key Highlights
- Praetorian Acquisition Corp. reported net income of $1,071,660 for the three months ended March 31, 2026.
- Total assets increased significantly to $256,747,613 as of March 31, 2026, from $264,716 at December 31, 2025.
- Marketable securities held in the Trust Account totaled $254,454,404 as of March 31, 2026.
- The company generated $1,454,404 in interest income from marketable securities in the Trust Account.
- The Initial Public Offering on January 26, 2026, generated gross proceeds of $220,000,000 from 22,000,000 units.
- The over-allotment option was fully exercised on March 12, 2026, adding $33,000,000 in gross proceeds.
- Private Placement Warrants generated $5,000,000 in proceeds from the sale of 4,670,000 warrants.
- Basic and diluted net income per Class A and Class B ordinary share was $0.04.