Praetorian Acquisition, a blank check company targeting businesses that can be transformed by AI, filed on Monday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Praetorian Acquisition is led by CEO and Director Justin Di Rezze, the founder and former CEO of Theoria Medical. He is joined by CFO and Director Peter Ondishin, the CFO of The Venture Collective. Ondishin also serves as CFO of Inflection Point Acquisition III (IPCX; +2% from $10 offer price), which has a pending merger agreement with Air Water Ventures, and previously served as CFO of Inflection Point Acquisition II, which merged with USA Rare Earth (USAR; +45%) in March 2025.
Praetorian Acquisition plans to target businesses in traditional sectors that can be transformed through the application of automation and artificial intelligence.
The Miami, FL-based company was founded in 2025 and plans to list on the Nasdaq under the symbol PTORU. Clear Street is the sole bookrunner on the deal.
