Praetorian Acquisition Corp. (PTORU) Prices $220M IPO
Praetorian Acquisition Corp. (NASDAQ:PTORU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTORU”, Friday, January 23, 2026.
The new SPAC aims to combine with a company in a traditional sector that can be transformed through the application of automation and artificial intelligence.
Praetorian Acquisition Corp.’s management team is led by Justin Di Rezze M.D., its Chief Executive Officer, and Peter Ondishin, its Chief Financial Officer, who are both members of the Board of Directors of the Company (the “Board”). In addition, the Board includes Nicole Seligman, Alex Elias and Erica Dorfman.
Total SPAC deal count for 2026 year-to-date is now 11. This offering is expected to close on Monday, January 26, 2026.
Clear Street LLC is acting as sole book-running manager for the offering. Reed Smith LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.
