Praetorian Sponsor LLC Reports 24.86% Stake in Praetorian Acquisition Corp. (PTOR)

On April 13, 2026, Praetorian Sponsor LLC filed a Schedule 13G reporting a significant ownership stake in Praetorian Acquisition Corp. (PTOR). The filing indicates that the Sponsor beneficially owns 8,433,333 Class B ordinary shares, representing approximately 24.86% of the company's total outstanding ordinary shares. These Class B shares are convertible into Class A ordinary shares on a one-for-one basis, typically occurring concurrently with or following an initial business combination. Dr. Justin Di Rezze, as the managing member of Praetorian Sponsor LLC, holds voting and investment discretion over these securities and is also named as a reporting person. The calculations are based on an aggregate of 33,923,083 ordinary shares outstanding as of March 23, 2026. This initial 13G filing establishes the Sponsor's substantial position following the issuer's initial public offering and subsequent over-allotment exercises.