STOCK TITAN

Patriot Acquisition (PTACU) Sponsor reports 4.375M convertible shares, 4.14M warrants

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Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Patriot Acquisition Corp. Schedule 13G disclosure: Patriot Acquisition Sponsor LLC and related entities report beneficial ownership of 4,375,000 Class B ordinary shares, which are convertible into Class A ordinary shares at the time of the issuer's initial business combination. The filing states the ownership represents 20.00% based on 21,875,000 Class A Ordinary Shares outstanding as of May 21, 2026, and notes 4,140,000 private placement warrants held by the Sponsor.

The filing attributes shared beneficial ownership across Patriot Acquisition Sponsor LLC, Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, and two individuals, with customary disclaimers of direct ownership. Warrant exercise timing and conversion mechanics are described relative to the completion of the initial business combination.

Positive

  • None.

Negative

  • None.

Insights

Stake and control structure clarified; conversion contingent on a business combination.

The filing documents that the Sponsor directly holds 4,375,000 Class B ordinary shares convertible into Class A shares at the issuer's initial business combination, producing a reported 20.00% ownership figure based on May 21, 2026.

Because conversion is conditioned on the initial business combination, the ultimate voting and economic impact depends on that event; subsequent filings will show conversion timing and any changes in outstanding share counts.

Disclosure describes holdings, warrants, and exercise/expiration mechanics.

The Sponsor also directly owns 4,140,000 private placement warrants exercisable beginning 30 days after the completion of the Issuer's initial business combination and expiring five years thereafter, per the filing.

Reported percentages and counts are explicitly tied to the May 21, 2026 outstanding share base; any changes to that base or to conversions will require updated filings under applicable rules.

Class B ordinary shares held 4,375,000 shares directly owned by Sponsor; convertible into Class A upon initial business combination
Private placement warrants 4,140,000 warrants exercisable 30 days after initial business combination; five-year term
Ownership percentage 20.00% based on 21,875,000 Class A shares outstanding as of <date>May 21, 2026</date>
Share base used 21,875,000 Class A shares outstanding as of <date>May 21, 2026</date>
Class B ordinary shares financial
"Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
private placement warrants financial
"Sponsor also directly owns 4,140,000 private placement warrants to purchase 4,140,000 Class A Ordinary Shares"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
initial business combination regulatory
"become exercisable beginning 30 days after the completion of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Patriot Acquisition Sponsor LLC report in PTACU?

Patriot Acquisition Sponsor LLC reports 4,375,000 Class B ordinary shares, convertible into Class A shares, representing 20.00% based on the disclosed outstanding base as of May 21, 2026.

How many warrants does the Sponsor hold according to the filing?

The filing states the Sponsor directly owns 4,140,000 private placement warrants, exercisable beginning 30 days after completion of the issuer's initial business combination and expiring five years thereafter.

On what share count is the 20.00% calculated for PTACU?

The 20.00% figure is calculated using 21,875,000 Class A Ordinary Shares outstanding as of May 21, 2026, as stated in the filing and assuming conversion of the reported Class B shares.

Who else is reported as sharing beneficial ownership in the filing?

The filing names Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, and individuals W. Kirk Wycoff and James F. Deutsch as entities/persons who may be deemed to share beneficial ownership under the disclosed relationships.

When do the Sponsor's warrants become exercisable?

Per the filing, the Sponsor's 4,140,000 private placement warrants become exercisable 30 days after completion of the issuer's initial business combination and expire five years after that completion.





G6951A106

(CUSIP Number)
05/18/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.


SCHEDULE 13G



Patriot Acquisition Sponsor LLC
Signature:/s/ W. Kirk Wycoff
Name/Title:W. Kirk Wycoff, a member of Patriot Financial Advisors LLC, the general partner of Patriot Advisors, L.P., the managing member of Patriot Acquisition
Date:06/11/2026
Patriot Financial Advisors, L.P.
Signature:/s/ W. Kirk Wycoff
Name/Title:W. Kirk Wycoff, a member of Patriot Financial Advisors, LLC, the general partner of Patriot Advisors, L.P.
Date:06/11/2026
Patriot Financial Advisors LLC
Signature:/s/ W. Kirk Wycoff
Name/Title:W. Kirk Wycoff, a member of Patriot Financial Advisors LLC
Date:06/11/2026
W. Kirk Wycoff
Signature:/s/ W. Kirk Wycoff
Name/Title:W. Kirk Wycoff
Date:06/11/2026
James F. Deutsch
Signature:/s/ James F. Deutsch
Name/Title:James F. Deutsch
Date:06/11/2026
Exhibit Information

Exhibit 99.1: Joint Filing Agreement, dated as of June 11, 2026, by and among Patriot Acquisition Sponsor LLC, Patriot Financial Partners, L.P., Patriot Financial Partners LLC, W. Kirk Wycoff and James F. Deutsch