LMR Partners LLP Reports 6.1% Passive Stake in Praetorian Acquisition Corp

On May 15, 2026, LMR Partners LLP and its affiliates filed a Schedule 13G regarding their holdings in Praetorian Acquisition Corp (PTOR). As of the event date on March 31, 2026, the reporting persons collectively beneficially own 1,550,000 Class A Ordinary Shares, representing 6.1% of the company's outstanding shares. These shares are held directly by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding 775,000 shares. The reporting group includes several LMR investment management entities across various jurisdictions (UK, Hong Kong, US, Switzerland, UAE, and Ireland), as well as individuals Ben Levine and Stefan Renold, who maintain ultimate control over investment and voting decisions. The filing indicates shared voting and dispositive power over all reported shares. This represents a new significant position for the group, as previous ownership was reported at 0.0%. The acquisition was made in the ordinary course of business without the intent to change or influence control of the issuer.