Praetorian Acquisition Corp. reported first-quarter 2026 results showing net income of $1.07M and diluted earnings per share of $0.04 as the blank-check company continued preparatory activities ahead of a business combination.
Financial Highlights
- Net income was $1.07M for Q1 2026, driven by $1.45M of interest income on the Trust Account less $0.38M of general and administrative expenses.
- Diluted EPS was $0.04 for Q1 2026.
Business Highlights
- Business model: Sponsor-backed special purpose acquisition company formed to identify and acquire one or more target businesses.
- Capital deployment: $254M placed in a Trust to fund a business combination and support subsequent target operations.
- Operational activity: No operating revenues to date; current activities are focused on due diligence, target identification and transaction preparations.
- Cash use and support: Operating cash outside the Trust has been used for diligence and travel; the sponsor may provide working capital loans if needed.
Original SEC Filing:
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