Praetorian Acquisition reported no revenues for the period and a net loss of $49,204, resulting in basic and diluted net loss per Class B ordinary share of $(0.01). The company has not commenced operations and expects no operating revenues until after a business combination. Cash of $253 million has been placed in trust to support a future business combination and post‑combination operations.
Financial Highlights
- Revenue: $0 — The company has not generated any revenues to date.
- Gross Profit: $0 — No operations or sales occurred during the period.
- Operating Income: $(49,204) — Loss from operations attributable to general and administrative costs.
- Net Income: $(49,204) — Net loss for the period from September 29, 2025 through December 31, 2025.
- Net Income Per Share: $(0.01) — Basic and diluted net loss per Class B ordinary share.
Business Highlights
- Business Purpose: Formed as a Cayman Islands blank‑check company to identify and complete one or more business combinations.
- Operational Activity: No operating revenues to date; corporate activities have been limited to formation, IPO preparation and target identification.
- Capital Deployment Strategy: $253 million placed in trust to be used primarily to fund a business combination and support post‑combination operations.
- Operational Support: Ongoing public‑company costs and due diligence expenses, and an administrative support agreement with the sponsor at $25,000 per month.
Original SEC Filing:
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