Praetorian Acquisition Corp. has successfully completed its initial public offering (IPO) of 22 million units, each consisting of one Class A ordinary share and one-third of one redeemable warrant, at a price of $10.00 per unit, generating gross proceeds of $220 million. The company also granted underwriters a 45-day option to purchase an additional 3.3 million units to cover over-allotments, which was fully exercised, resulting in an additional $33 million in gross proceeds. This brings the total gross proceeds from the IPO and the over-allotment to $253 million. The funds raised will be placed in a trust account for the benefit of the company’s public stockholders. The IPO was a significant milestone for Praetorian Acquisition Corp., marking its entry into the public market and providing it with substantial capital to pursue its business objectives. The company also completed a private placement of warrants to its sponsor, generating an additional $4.67 million. The successful execution of the IPO and the over-allotment option reflects strong investor interest and confidence in the company’s strategy and leadership.

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