Soren Acquisition (SORN) and Praetorian Acquisition (PTOR) appointed Joseph Tonnos chief financial officer effective October 20, 2026. Tonnos also joined Di Rezze Family Office as managing director to lead its direct investment portfolio efforts and will join both companies’ boards.
Soren appointed Roger L. Cloutier Jr. and Austin Criden as independent directors. Praetorian appointed Cloutier, Jimmy Vaiopoulos and Charles P. Garcia as independent directors. Cloutier is a retired Army lieutenant general and former commander of NATO Allied Land Command. The two special purpose acquisition companies, sponsored by principals of Di Rezze Family Office, together hold more than $500 million in trust.
Praetorian Acquisition Corp (Nasdaq: PTORU) announced that, commencing March 16, 2026, holders of IPO Units may elect to separately trade the Class A ordinary shares and warrants contained in each Unit.
Only whole warrants will trade; each whole Warrant permits purchase of one Class A Ordinary Share at $11.50. Post-separation symbols: PTOR (shares) and PTORW (warrants). Unseparated Units remain on Nasdaq as PTORU. Clear Street acted as sole book-running manager.
Praetorian Acquisition Corp (NASDAQ:PTORU) closed its initial public offering of 22,000,000 units at $10.00 per unit, generating $220,000,000 in gross proceeds. The units began trading on January 23, 2026 on Nasdaq under the symbol PTORU.
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50. No fractional warrants will be issued. The company granted underwriters a 45-day option to purchase up to 3,300,000 additional units to cover over-allotments. The registration statement was declared effective by the SEC on January 22, 2026. The company is a blank check vehicle focused on acquisitions enabled by automation and artificial intelligence, led by CEO Justin Di Rezze M.D. and CFO Peter Ondishin.
Praetorian Acquisition Corp (NASDAQ:PTORU) priced an initial public offering of 22,000,000 units at $10.00 per unit for gross proceeds of $220,000,000. Units trade on Nasdaq starting Jan 23, 2026 under PTORU; once separated, shares and warrants are expected to list as PTOR and PTORW. Each unit includes one Class A share and one‑third of a warrant; each whole warrant is exercisable for one Class A share at $11.50, subject to adjustment. The offering is expected to close on Jan 26, 2026, and underwriters have a 45‑day option to buy up to 3,300,000 additional units to cover over‑allotments.